Mortgage interest rates nudge higher in latest week
PORTLAND, OR, April 25, 2019 (Fastmarkets RISI) -Freddie Mac released the results of its Primary Mortgage Market Survey, showing that fixed mortgage rates posted a fourth consecutive week of increases.
Sam Khater, Freddie Mac’s chief economist, says, “Despite the recent rise in mortgage rates, both existing and new home sales continue to show strength – indicating the lagged effect of lower rates on housing demand. This, along with improved affordability, should push housing activity higher in the coming months.”
The 30-year fixed-rate mortgage (FRM) averaged 4.20% with an average 0.5 point for the week ending April 25, 2019, up from last week ...