Mortgage rates edging lower after a steep, but short, climb

The Wall Street Journal reports:

Home-mortgage rates eased in the latest week, falling slightly after several weeks that saw mostly sharp increases, according to Freddie Mac's weekly survey of mortgage rates.

Rates had slumped for months, setting record lows in the process, as yields on Treasurys slid amid economic uncertainty. But yields began to rise near the end of last near, prodding rates higher. Mortgage rates generally track yields, which move inversely to Treasury prices.

 

Filed under: Uncategorized

Tags: home, real estate

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  • Having once paid a 16% mortgage (around 1980), I fail to see what the big deal is so as to justify the recurrent story. I suppose I should have fallen out of bed when shortly after refinancing at 5.3%, it fell again, but I didn't. Not like anyone was actually getting 4.1% mortgages, anyway.

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