Mortgage interest rates move moderately higher in latest week
PORTLAND, OR, April 11, 2019 (RISI) -Freddie Mac released the results of its Primary Mortgage Market Survey, showing that mortgage rates rose modestly this week with the 30-year fixed-rate averaging 4.12%.
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.”
The 30-year fixed-rate mortgage (FRM) averaged 4.12% with an average 0.5 point for ...