The 30-year fixed-rate mortgage averaged 6.43% in the week ending April 27, up slightly from 6.39% the week before, according to data from Freddie Mac released Thursday. A year ago, the 30-year fixed-rate was 5.10%. Even though rates ticked up for the second week in a row, with the rate of inflation decelerating, mortgage rates should gently decline over the course of the rest of this year, said Sam Khater, Freddie Mac’s chief economist.
Applications are still well below levels seen a year ago. “Financial markets are anticipating that the Federal Reserve will raise short-term rates at its next meeting, which has pushed Treasury yields and mortgages rates higher in recent weeks,” said Bob Broeksmit, MBA President and CEO. The Fed’s policymaking committee is set to meet next week.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Changes are coming to some mortgage fees next month | CNN BusinessFees on mortgages backed by Freddie Mac and Fannie Mae are set to change next month, in a plan designed to make homeownership more affordable for more people. Broadly, the fees will go down for many with lower credit scores and will increase for many with higher credit scores.
Källa: CNN - 🏆 4. / 95 Läs mer »
Kim Kardashian reveals the 'magic' of her success to CNN's Poppy Harlow | CNN BusinessJust a few years ago, Kim Kardashian was dyeing her own shapewear in a sink with teabags. Fast forward to the present day, the idea has blossomed into Skims — a $3.2 billion brand that has catapulted the reality TV star into a business titan.
Källa: cnni - 🏆 326. / 59 Läs mer »
Tobacco companies pay over $600 million to settle alleged sanctions violations with North Korea | CNN BusinessTwo tobacco companies have agreed to pay over $600 million to US authorities over allegations that the companies were selling tobacco products to North Korea in violation of US sanctions.
Källa: cnni - 🏆 326. / 59 Läs mer »
Banks 'aren't out of the woods' after the collapse of SVB and Signature | CNN BusinessA month ago, code blue sirens went off at banks across the globe after the collapse of Silicon Valley Bank and Signature Bank. As banks work to put that painful episode in the rear view mirror, it's unclear if the situation has stabilized or if it's the calm before another storm.
Källa: CNN - 🏆 4. / 95 Läs mer »
First Republic stocks drops nearly 50% after plunge in deposits | CNN BusinessFirst Republic stock plunged by nearly 50% at the close of trading on Tuesday, hitting a new record low after the embattled lender reported late Monday that its total deposits fell 41% in the first quarter, to $104.5 billion, even after a consortium of banks stepped in with $30 billion to prevent the regional lender from failing. Without that cash infusion, deposits would have fallen by over 50%.
Källa: CNN - 🏆 4. / 95 Läs mer »