Fixed mortgage rates hold steady as political, economic concerns fester

. broke back below the fence with last week’s European political drama. Now, as that drama subsides, rates have returned. In terms of mortgage rates, we might think of it as an average 30yr fixed.

U.S Mortgage Rates Hold Steady for Now The financial markets found some respite in the final week of the 1st quarter, with market panic over a possible trade war between the U.S and China easing.

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Following the previous week’s 11 basis point jump in 30-year fixed. rates to a 7-year high, rates held steady in the week ending 15 th November, with a number of factors pinning mortgage rates back.

Meanwhile, retail sales increased by 13.4% compared to August last year, with the forecast from the Reuters poll having expected sales growth to hold steady at July’s 13.2% rate. Urban fixed-asset..

Mortgage Rates Hold Steady. Sam Khater, Freddie Mac’s chief economist attributed the stability to the moderation in inflationary pressures in the economy due to lower oil prices and subdued wage growth. The 30 year fixed-rate mortgage (FRM) averaged 4.94 percent with an average 0.5 point.

The data below the rate table are indicative of mortgage rates inching upward. But they could also hold steady. MORE: Check Today’s Rates from Top Lenders (March 26, 2019)

Mortgage Rates Hold Steady. Now, as that drama subsides, rates have returned. In terms of mortgage rates, we might think of it as an average 30yr fixed rate teetering between 4.625% and 4.75% . But it’s easier to follow via the quintessential interest bench mark: 10yr Treasury Yields. In this case, the center of the fence would be somewhere between 2.90 and 2.94%.

Freddie Mac economist sees sunny economy in second half Reports that exceeded expectations kept rates low: economist. CHICAGO (MarketWatch) — Economic reports that were better than expected kept mortgage rates low this week, Freddie Mac’s chief economist said on Thursday. The 30-year fixed-rate mortgage averaged 5.22% for the week ending Aug. 6, down from 5.25% last week and 6.52% a year ago,

Fixed mortgage rates hold steady as political, economic concerns fester Lewis Contents Quintessential interest bench mark Setting adjustable rate loans 30-year fixed mortgage averaged 4.45 Bankers association showed 30-year fixed-rate mortgage.

The 30-year, fixed-rate mortgage came in at 4.23%, up from 4.22% a week earlier, and a significant rise from 3.39% last year, Freddie Mac said in its Primary Mortgage Market Survey.

Economic data released last week included the FED’s referred Core PCE Price Index figures for April, which saw the annual rate of core inflation hold at 1.8%, easing concerns of a more.