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Downward pattern continues for U.S. mortgage rates

bizjournals Monday, 12 June 2017
Another week, and U.S. mortgages rates have dropped again, according to Freddie Mac. The 30-year fixed mortgage averaged 3.89 percent for the week ending June 8, down from 3.94 percent the previous week. A year ago, mortgage rates stood at 3.60 percent. Historically low mortgage rates have helped drive aided U.S. home sales, as well as refinance market. “The 10-year Treasury yield fell 3 basis points this week,” said Sean Becketti, chief economist at Freddie Mac. “The 30-year mortgage rate…
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Source: Wochit Business - < > Embed
News video: Federal Reserve Presidents Split on Interest Rate Hike Over Current Weak Inflation

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When the Federal Reserve raised rates earlier this week, Fed Chair Janet Yellen expressed confidence that recent weak inflation readings were transitory. Fed officials on Friday signaled that doubts are simmering. Minneapolis Federal Reserve President Neel Kashkari said he was not alone at the U.S....

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