U.S. mortgage rates drop for consecutive weeks

Poof, and the one bright spot in the U.S. economy disappears

The only bright spot in a U.S. economy roiled by a rollercoaster ride on the stock markets was that mortgage interest rates fell. But now that’s gone, too

U.S. mortgage rates drop for consecutive weeks

Freddie Mac reports the 30-year fixed mortgage rate averaged 6.62% for the week ending April 10 — down from 6.64% last week.

Mortgage rates fall as markets calm down

Over the weekend, fears rose that the 10-year yield would climb to 5%, leading to 8% mortgage rates. However, Monday morning arrived with a sense of calm. The 10-year yield is now nearing a more balanced position at 4.35%, reflecting what I believe it should have always been after the jobs report two Fridays ago. As I write this, the 10-year yield currently stands at 4.37%. Remarkably, mortgage rates have dipped below 7% once more. Let’s not for…

Mortgage Rates Back Below 7%, But Don’t Expect Any Huge Moves Lower - The Truth About Mortgage

The mortgage rate whirlwind continues as we start another week. This time, rates are back below 7% (just barely), though it’s little consolation considering where they were just 10 days ago. If you recall, the 30-year fixed was close to 6.5%, which felt pretty decent at the time, especially since we had what felt like… Read More »Mortgage Rates Back Below 7%, But Don’t Expect Any Huge Moves Lower The post Mortgage Rates Back Below 7%, But Don’t …