The 30-year fixed-rate mortgage averaged 6.60% in the week ending March 16, down from 6.73% the week before, according to data from Freddie Mac released Thursday. A year ago, the 30-year fixed-rate was 4.16%. After hitting a 2022 high of 7.08% in November, rates had been trending down. However, they started climbing again in February, rising half a percentage point over the past month.
“However, at the end of the week, the failure and resulting bailout of Silicon Valley Bank led to heightened investor concern of additional bank closures, which pushed activity towards Treasury bonds, resulting in dropping yields on the 10-year Treasury and a decrease in mortgage rates,” she said. This past week, economic data on February’s joblessness and inflation levels both pointed to an economy that is still hot, though slowly cooling.
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Indian lives matter! Vietnam Lives Matter! Korean life matters! Japanese life matters! Afghanistan Lives Matter! Iraqi lives matter! Libyan lives matter!....
People tried to buy my home, answer was hell no. Pay more interest and higher price for another home.
Biden: the rich need to pay their fair share. Also Biden: bails out the rich’s bank
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