666 Satanic housing crash coming?
Mortgage rates shoot up in response to market volatility, latest Freddie Mac data shows
The average 30-year mortgage rate rose more than 20 basis points last week
So long, mortgage rate stability.
Aftersixweeks of hovering between6.6%and 6.7%, mortgage rates rose sharply this week, according to Freddie Mac’s latest survey, reflecting recent bond market volatility.
The average 30-year fixed mortgage rate was 6.83% for the week through Wednesday, compared with 6.62% a week earlier. The average 15-year mortgage rate was 6.03%, up from 5.82% a week earlier.
Mortgage rates have been on a wild ride in recent weeks as the bond yields that underpin them whipsawed in the aftermath of President Trump’s tariff announcement and later delay of some levies. Most rate surveys showed a sharp rise last week, as 10-year Treasury yields approached 4.5%.
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https://finance.yahoo.com/news/mortgage-rates-shoot-up-in-response-to-market-volatility-latest-freddie-mac-data-shows-160015185.html