Mortgage Rates Remain Firmby Tim Manni
According to the latest issue of HSH’s Market Trends Newsletter, Mortgage Rates Remain Firm, “After touching near-50-year lows for certain products over the past few weeks, mortgage rates have largely settled in a firmer pattern. Lousy economic news continues to fill screens and news pages, but it’s not doing much to tug rates lower.”
“In fact, certain influential interest rates are moving in the other direction. For fixed mortgage rates, that’s notably the 10-year Treasury Security.”
“While this Treasury instrument doesn’t have as much influence as it once did, such a move can still produce enough sway to at least nudge fixed mortgage rates higher as well.”
“For the week, HSH’s Fixed-Rate Mortgage Indicator — inclusive of conforming, jumbo and ‘expanded conforming’ interest rates — actually managed a three-basis-point decline, easing to an average 5.86%.”
Click here to continue reading “Mortgage Rates Remain Firm.” HSH’s free weekly Market Trends Newsletter, an in-depth analysis of various financial markets of the week prior, is published every Monday. Email subscribers receive it in your inbox by Friday night, so sign up today! Also, be sure to check in with our Market Trends blog for all news relating to any weekly shift in mortgage rates.