General World News

Mortgage rates continue to trend down ahead of inflation report 

As the U.S. reaches its peak homebuying season, mortgage rates continue to ease week over week. 

HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conforming loans at 7.45% on Tuesday, below the rate of 7.51% one week ago. At the same time one year ago, the average rate was 6.54%.The 15-year conforming fixed rate averaged 6.75% on Tuesday, down from 6.77% one week earlier.

“Bond yield keeps heading lower and mortgage spreads are getting better,” HousingWire lead analyst Logan Mohtashami said. “Since the softer labor reports happened, mortgage pricing has improved. details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com