jaqezuweg.blogspot.com
’s weekly report said that 30-yeae fixed-rate mortgages averaged 5.29 percent this week, the highest rate this year and up fromlast week’s averagee of 4.91 percent. Rates still remain well belowe year-ago levels, when 30-year mortgagess averaged more than6 percent, Freddie Mac FRE) said. “Rates caught up to the recenft risein long-term bond yields this week to reach a 25-weej high,” said Freddie Mac Chief Economisy Frank Nothaft. “The slowdown in the housing market has now detractedf from economic growth for the past 13 the longest quarterly stretch since atleastf 1947.” Despite rising rates, the housingf market continues to show small signs of life.
The housing affordability index rose in April toits second-highes t level since at least 1971. The NAR also reporteed this week that pending sales of existing homes increased forthe third-consecutive month, posting the biggest monthlty increase since 2001.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment