The 30-year fixed-rate mortgage averaged 6.27% in the week ending April 13, down slightly from 6.28% the week before, according to data from Freddie Mac released Thursday. A year ago, the 30-year fixed-rate was 5%. “Incoming data suggest inflation remains well above the desired level but showing signs of deceleration,” said Sam Khater, Freddie Mac’s chief economist.
“Even if the Fed needs to raise short-term rates a bit higher, we are very likely nearing the end of the tightening cycle.” The Fed does not set the interest rates that borrowers pay on mortgages directly, but its actions influence them. 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.
Yea inflation is not easing at all.
EGGS AND MILK AND GAS HAVE NOTHING TO DO WITH LENDING TO BUY A HOUSE!
2.5 Trump days and democrats are hailing this as a victory
Inflation is manipulated. We are in a recession. Prices of everything have sky rocketing. DemocratsAreDestroyingAmerica
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Mortgage rates fall to 2-month low after cooling in jobs marketMortgage rates drop to a 2-month low as the US job market shows signs of slowing Yes now that you lost your job the house that barely lowered in price and now a mortgage rate that dropped “a bit”, go try getting approved tiger.
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