Physical Address

304 North Cardinal St.
Dorchester Center, MA 02124

Mortgage rates have increased, the highest level since February



Mortgage rates This week, Mortgage Recipient Freddie Mac, Thursday, said as President Donald Trump‘s tariffs caused non-stability in the bond market.

The latest primary mortgage market research released on Thursday increased by the 6.62% of the average of 30 years of a fixed mortgage rose to 6.62% of the last week.

The average 30-year loan rate was 7.1% a year ago.

“30 years of fixed interest rate mortgage, but for ten thirteenth week remain below 7% of a row,” Sam Khater, Freddie Mac’s chief economist. “Last year, this time, the demand for the purchase requirement was 7.1%, although it is 13% lower than today, this year is an open sign that spring is a strongest start.”

Mortgage rates are followed by a 10-year treasury product sold from 4.5% last week. He was trading over 4.3% on Thursday afternoon, although it was above 4% of the lower 4%.

The higher productivity becomes higher debt costs for consumers and enterprises, potentially prepares more competitive investments against shares.

Does the US housing market become a buyer friend market?

The average level of 15 years of a stable mortgage is higher than the reading of the last week’s readings. A year ago, ratio 15 years of fixed note Average 6.39%.

Reuters contributed to this report.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *