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U.S. Mortgage Rates drop Slightly Amid Uncertainty

U.S. long-term mortgage rates were flat to slightly higher this week, as markets expected the Federal Reserve to cut its benchmark interest rate for the first time in a decade. WASHINGTON (AP) – U.S. long-term mortgage rates were flat to slightly higher this week, hovering around three-year lows.

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Mortgage rates fall to two-month low Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.

The 15-year fixed rate fell to 3.76% from 3.83%, while the 5-year hybrid adjustable rate mortgage fell to 3.84% from 3.87%. “mortgage rates declined decisively this week amid various market reports, a.

U.S. Mortgage Rates Ease By.. Rates slumped through most of last year as yields on Treasury debt declined amid economic uncertainty. But yields have been on the rise recently, pushing mortgage.

The 30-year fixed mortgage averaged 4.07 percent for the week ending May 16, down from 4.10 percent the previous week.

U.S. mortgage rates fell below 4 percent last week, which may encourage a rush of home buyers. Last week, the average rate on a 30-year fixed-rate mortgage was 3.9 percent, the Wall Street Journal.

Freddie Mac today released the results of its Primary mortgage market survey , showing average mortgage rates dropping after two consecutive weeks of increases. Mortgage Rates Drop Signals.

Average long-term U.S. mortgage rates rose this week after a sharp drop the previous week, as global markets continued to whipsaw amid economic disruption in China and uncertainty over Federal Reserve.

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Mortgage rates were steady-to-slightly lower today, keeping them in line with the lowest levels in 2 weeks and very close to the lowest levels of the month. For most lenders, that means.

overall Chinese investment in U.S. residential real estate fell from $30.4 billion to $13.4 billion in the last year. “It’s.

Mortgage rates in the U.S. continued their decline over the past week, hitting new lows amid concerns about the economic outlook in the U.S. and fallout from Europe’s sovereign-debt problems.

U.S Mortgage Rates Take a Breather U.S mortgage rates pullback from 17-year highs, while upward trend will likely continue through the remainder of the year.