U.S. 30-year mortgage rates hit seven-year peak: Freddie Mac

Friday, September 28, 2018 | Tag Cloud Tags: , , ,

(Worthy News) - Interest rates on U.S. 30-year fixed-rate mortgages increased to their highest levels in more than seven years in line with bond yields which rose on the view of sturdy economic growth and heavy debt supply, data from Freddie Mac showed on Thursday.

Thirty-year mortgage rates averaged 4.72 percent in the week ended Sept. 27, up from 4.65 percent the week before and the highest since 4.78 percent in week of April 28, 2011, the U.S. mortgage finance agency said.

On Tuesday, the benchmark 10-year Treasury yield touched 3.113 percent, the highest level in four months. [ Source: Reuters (Read More...) ]

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1 thought on “U.S. 30-year mortgage rates hit seven-year peak: Freddie Mac”

  1. So how long has the Fed belonged to the Democrats? 8 years with the Compulsive Liar and his cast of Clowns in office and not one single raise... Over 5 years with them at record Low levels...
    Eazy to spot them when you "Look at their Fruits!"

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