The 30-year fixed-rate mortgage averaged 6.65% in the week ending March 2, up from 6.5% the week before, according to data from Freddie Mac released Thursday. A year ago, the 30-year fixed-rate was 3.76%. Rates had been trending downward after hitting 7.08% in November, but are now climbing again, up about half a percentage point in a month.
Mortgage rates tend to track the yield on 10-year US Treasury bonds, which move based on a combination of anticipation about the Fed’s actions, what the Fed actually does and investors’ reactions. When Treasury yields go up, so do mortgage rates; when they go down, mortgage rates tend to follow. “Investors are expecting inflation to remain elevated for longer, requiring the Federal Reserve to keep increasing its policy rate,” said George Ratiu, Realtor.com senior economist.
Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:
Thanks, Biden’s handlers
we have serious inflation solution raise rates
The spill-over effects rising rates in the US are causing are far worse for developing economies!
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
UK house prices post sharpest fall since 2012 as high mortgage rates hurt | CNN BusinessUK house prices last month saw their biggest annual decline since November 2012, in the latest sign of the lasting pain that the ill-fated 'mini' budget conceived by former Prime Minister Liz Truss inflicted on Britain's property market. Lol But Biden said he rescued the economy? Did he lie?
Bron: cnni - 🏆 326. / 59 Lees verder »
Discounts led Target to a surprising comeback | CNN BusinessTarget's decision to cut prices to boost sales has paid off. The IR regime uses chemical gases against female students in schools. This is a full-scale genocide that this regime is doing against the people of Iran MahsaAmini WeToldYall
Bron: CNN - 🏆 4. / 95 Lees verder »
UK grocery price inflation hits record high as more stores impose rationing | CNN BusinessA measure of UK grocery price inflation soared to a record high this month — that's more bad news for consumers already facing a shortage of fruit and vegetables that has led to rationing at major supermarkets. The outrageous fleecing continues. Can we say backyard garden? or orchard? I don't reccomend a backyard slaughterhouse. Building back better
Bron: cnni - 🏆 326. / 59 Lees verder »
US home prices fell in December for the sixth-straight month | CNN BusinessUS home prices fell for the sixth month in a row in December, as rising mortgage rates pushed prospective buyers out of the housing market, according to the latest S&P CoreLogic Case-Shiller US National Home Price Index, released Tuesday. Good! Hurry up and crash already so I can buy an apartment building and get garunteed government funded section 8 rent! Which is good for the elderly living in Texas. Many are getting taxed out of their homes inspire of the over 65 exemption. The exemption does not cap taxes, it limits. For some the limited amount is still too high. Not to mention the extremely high cost of homeowners insurance. I just bought 5 homes.
Bron: CNN - 🏆 4. / 95 Lees verder »
US is reviewing Huawei export license policy amid rising congressional scrutiny of China | CNN BusinessThe US government is reviewing a policy that permits certain US exports to continue to Huawei, despite an overall push by the Trump and Biden administrations to block the Chinese telecommunications giant from receiving American technology. Another oof I speak for all Americans when I say we need to fight Russia. This is too far by them and they must pay.We don’t care if it will start WW3, that’s a small price to pay to protect the world from Russia. I personally volunteer every man and woman in this country, I know they agree.
Bron: cnni - 🏆 326. / 59 Lees verder »