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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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