Estimated reading time: 0 minutes, 26 seconds

Mortgage Rates Rise for First Time in Weeks

While U.S. mortgage rates remain near record lows, they have now risen for the first time in six weeks. So reports Business Insider.

According to Freddie Mac, the 30-year fixed-rate mortgage averaged 3.01% for the week ending July 23, up three basis points from the previous week. That was the lowest since records began in 1971.

Mortgage rates typically move in tandem with 10-year U.S. Treasury bond yields, which have tumbled amid investors’ flight to safety since the coronavirus pandemic hit in March.

Read the full article from Business Insider

Read 1251 times
Rate this item
(0 votes)

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.