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Mortgage Rates Follow Bond Yields Lower After Ukraine Invasion

Yields on U.S. Treasuries fell after the Russian invasion of Ukraine, and mortgage rates, as they typically do, have followed suit. So reports MarketWatch.

flag of the russian federation 38922 640smallAccording to Freddie Mac, the 30-year fixed-rate mortgage averaged 3.76% in the week ending March 3, a drop of 13 basis points from the prior week.

Freddie Mac chief economist Sam Khater said that due to uncertainty caused by the war in Ukraine, “rates are expected to stay low in the short term but will likely increase in the coming months.”

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