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Mortgage Rates Inch Up After Extended Decline
The 30-year mortgage rate rose 2 basis points over the week to 3.91 percent. However, Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) was conducted before investors drove Treasury yields sharply lower in a reaction to the surprisingly weak CPI release. If that drop in yields sticks, mortgage rates are likely to follow in next week’s survey.
30-Year Fixed Mortgage Rate Continues to Fall
30-Year Fixed Mortgage Rate Moves Lower
Mortgage Rates Drop to Lowest of 2017
Mortgage Rates Edge Down
Mortgage Rates Continue to Hold
Mortgage Rates Hold Steady
Mortgage Rates Increase After Weeks of Decline
Mortgage Rates Tumble Below 4 Percent
The 30-year mortgage rate fell 11 basis points this week to 3.97 percent, dropping below the psychologically-important 4 percent level for the first time since November. Weak economic data and growing international tensions are driving investors out of riskier sectors and into Treasury securities. This shift in investment sentiment has propelled rates lower.
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