Mortgage rates continue to ease despite inflation worries

Markets concur with the view that inflation increases are temporary, according to a Freddie Mac economist. Mortgage rates continue to ease despite worries that the Federal Reserve will eventually have to take measures to fight inflation, with rates on 30-year fixed-rate mortgages continuing to inch further below 3 percent. Sam Khater | Photo credit: Freddie … Read more

Mortgage rates stable heading into next week’s Fed meeting

Mortgage rates were stable this week as the Federal Reserve prepares for a meeting next week where the latest inflation numbers and a potential tapering of the Fed’s mortgage bond purchases are likely to be on the agenda. For the week ending June 10, Freddie Mac’s weekly Primary Mortgage Market Survey reported average rates for … Read more

Mortgage rates settle in, hovering around 3%

So far, bond markets are taking the prospect of Fed tapering of monthly purchases of $40B in mortgage-backed securities and $80B in Treasuries in stride Mortgage rates were up slightly during the week ending May 20, as borrowers with excellent credit putting 20 percent down were offered rates averaging 3.00 percent on 30-year fixed-rate purchase … Read more

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