Estimated reading time: 0 minutes, 19 seconds

Mortgage Rates Notch Second Straight Weekly Gain

Friday, Feb 17 2023
Lending
Written by  The Mortgage Leader

U.S. long-term mortgage rates have risen for a second consecutive week after dropping for four straight weeks before that. So reports CNN.

Freddie Mac 150x150According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.32% in the week ending February 16, up 30 basis points from the previous week.

Freddie Mac economist Sam Khater said that stubborn inflation was causing rates to remain choppy.

Read the full article from CNN.

Read 916 times
Rate this item
(0 votes)
More in this category: « Builder Confidence Sees Biggest Monthly Gain in 10 Years Bodnar of MMG: Back to Elevated Uncertainty and Volatility »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline