After trending down for most of the week, the 10-year Treasury yield rose following the release of the CPI report. In contrast, the 30-year mortgage rate fell three basis points to 4.09%, the 3rd straight week of falling down.
Mortgage Rates Lower for Third Consecutive Week
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage… Read more at FreddieMac.com
The average 30-year rate fell another 8 basis points (0.08 percent) to 4.12 percent this week according to Freddie Mac, in its weekly survey of more than 100 lenders nationwide. Rates dropped from a 33-month high set the last week of December. This is a first change of protocol for today’s mortgage rate shopper.
Freddie Mac: Mortgage Rates Pull Back From 33-Month High
Mortgage rates tend to run up quickly then fall in response to an overreaction in the marketplace. The Mortgage Reports predicted falling rates in January due to this phenomenon, and it appears the forecast was correct. As a home buyer or… Read more at The Mortgage Reports
Mortgage rates tumble, snapping 9-week rising streak – Long-term mortgage rates fall
It was the first time since 2014 that rates started a year above 4%. It was the first run through since 2014 that rates began a year over 4%.Rates for home advances slid in the primary week of the year, the principal week to score a diminishing since the… Watch here