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【World Property Journal】Mortgage Rates Start to Rise in U.S.

【World Property Journal】Mortgage Rates Start to Rise in U.S.

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According to Freddie Mac's latest Primary Mortgage Market Survey, U.S. mortgage rates rose modestly this 2nd week of April 2019, with the 30-year fixed-rate averaging 4.12 percent.

Sam Khater, Freddie Mac's chief economist, says, "Rates moved up slightly this week while mortgage applications decreased following last week's jump in rates - indicating borrower sensitivity to changing mortgage rates. Despite the recent rise, we expect mortgage rates to remain low, in line with the low 10-year treasury yields, boosting homebuyer demand in the next few months." 

 

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By WPJ Staff | April 12, 2019 8:22 AM ET

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