Downward pattern continues for U.S. mortgage rates
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…
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....
LOS ANGELES (AP) — Higher mortgage rates are making the already challenging task of buying an affordable home even tougher for many Americans this spring. In... SeattlePI.com - BusinessAlso reported by •SFGate
WASHINGTON (AP) — Long-term U.S. mortgage rates climbed upward this week, slightly worsening affordability for homebuyers. Mortgage buyer Freddie Mac says the... SeattlePI.com - BusinessAlso reported by •Seattle Times •bizjournals
It's tough out there for would-be homeowners. They're facing rising mortgage rates, higher home prices and a shortage of available houses in many markets. Plus,... SeattlePI.com - BusinessAlso reported by •bizjournals
The Federal Reserve's Governing Board recently announced it was raising the Benchmark interest rate a quarter point. Jeff Farnham of JTS Mortgage Professionals allays fears about rising interest rates.. Source: WCBI -