Estimated reading time: 0 minutes, 27 seconds

Mortgage Rates Rebound as Inflation Worries Mount

Friday, Feb 19 2021
Lending
Written by 

Mortgage rates have soared back to their highest levels since November as inflation concerns increased long-term bond yields, which normally move in tandem with mortgage rates. So reports MarketWatch.

According to Freddie Mac, the average on the 30-year fixed-rate mortgage was 2.81% for the week ending February 18, up from 2.73% the previous week.

Freddie Mac economist Sam Khater said in a press release, “Economic spending has improved, due to the most recent stimulus, but supply chain shortages are causing downstream inflation, leading to higher mortgage rates.”

Read the full article from MarketWatch.

Read 2035 times
Rate this item
(0 votes)
More in this category: « Stearns Lending Promotes Steve Smith to President Existing Home Sales Hit 14-Year High in 2020 »

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