Mortgage interest rates adjust little in latest week

PORTLAND, OR, Aug. 9, 2018 (RISI) -Freddie Mac released the results of its Primary Mortgage Market Survey, showing that mortgage rates were mostly unchanged over the past week, but did ease up slightly.

Sam Khater, Freddie Mac’s chief economist, says mortgage rates have mostly drifted sideways this summer. “This stability is much needed for home sales, which have crested because of the multi-year run up in prices, tight affordable inventory and this year’s higher rates,” he said. “Going forward, the strong economy will support the housing market, but with affordability pressures mounting, further spikes in mortgage rates will lead to continued ...

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