pemp66seb.blogspot.com
’s weekly report said that 30-year fixed-rate mortgages averaged 5.29 percent this week, the highest rate this year and up fromlast week’xs average of 4.91 Rates still remain well below year-ago levels, when 30-yeard mortgages averaged more than 6 percent, Freddie Mac FRE) said. “Rates caught up to the recengt risein long-term bond yields this week to reachh a 25-week high,” said Freddie Mac Chiedf Economist Frank Nothaft. “The slowdown in the housing market has now detractecd from economic growth for the past13 quarters, the longestf quarterly stretch since at least 1947.” Despiter rising rates, the housing market continuesa to show small signs of life.
The housing affordability index rose in Apriol toits second-highest level since at least 1971. The NAR also reportee this week that pending sales of existinv homes increased forthe third-consecutivde month, posting the biggest monthly increase sincer 2001.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment