Mortgage Rates Rise in U.S.
According to Freddie Mac's latest Primary Mortgage Market Survey, the average 30-year and 15-year fixed mortgage rates rising for the first time in 2017.
Sean Becketti, chief economist of Freddie Mac said, "The 10-year Treasury yield increased more than 10 basis points this week. The 30-year mortgage rate moved up as well to 4.19 percent, a 10 basis point jump. This week marks the first increase in the mortgage rate since December 29. The 2.8 percent decline in existing home sales in December is a reminder of the lack of homes for sale. According to the National Association of Realtors, supply is at its lowest level since 1999, a factor that should support higher house prices regardless of the oscillations of the mortgage rate."
Freddie Mac Facts
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