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Mortgage Rates Ease to Four-Month Low Amid Inflation Optimism

Sunday, Jun 20 2021
Lending
Written by  The Mortgage Leader

U.S. long-term mortgage rates have continued their weeks-long downward trajectory, slipping to their lowest point in four months. So reports Bloomberg.

arrow down icon 157360 1280According to Freddie Mac, the 30-year loan averaged 2.93% in the week ending June 17, down three basis points from the week before and a low since the week ending February 18.

Freddie Mac chief economist Sam Shakter noted in a statement that “markets concur with the view that inflation increases are temporary.”

Read the full article from Bloomberg.

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