Mortgage Rates Thursday, March 16: Major Drop on Heels of Fed Hike

Mortgage Rates Thursday, March 16: Major Drop on Heels of Fed Hike – NerdWallet A day after the Fed raised short-term interest rates by a quarter of a percentage point, mortgage rates today for 30- and 15-year fixed loans dropped substantially,

U.S. mortgage interest rates took another tumble this week, according to fresh data reported by mortgage buyer Freddie Mac. According to Freddie Mac’s weekly survey for the week ending Thursday, February 6, 30-year fixed-rate mortgage rates declined from 4.32 percent to 4.23 percent, a tumble of nine basis points.

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Mortgage rates were lower for the 7th day in a row today, further extending their push into the lowest levels of the month. At first, that positive movement was driven by relief that the Fed’s rate hike outlook didn’t accelerate as much as investors expected. That motivation ran its course by the end of last week.

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Follow weekly mortgage rate trends and expert opinions from the Mortgage Rate Trend Index by Bankrate.com. Mortgage experts predict what will happen to rates over the next week – and why.

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In contrast, pending home sales fell off in the first month of the year – the NAR reported a 2.8% drop. Mortgage rates descended a bit during February: the average interest on a conventional home loan declined 0.03% to 4.16% between January 26 and February 23, according to Freddie Mac.

Mortgage Rates Thursday, March 16: Major Drop on Heels of Fed Hike – NerdWallet . Need help understanding what is the best time to apply for a mortgage and get into you new home? We have great mortgage advisers that are ready to answer your questions.

Treasury yields extend decline on recession worries. Treasury yields continued to fall amid a global bond market rally as U.S.-China trade tensions add to worries over a potential economic slowdown.

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Mortgage Rates Thursday, March 16: Major Drop on Heels of Fed Hike Katie Contents Current mortgage rates stay Fed mfg index hit follow weekly mortgage Mortgage rate trend Welcome to the Berkshire Hathaway.

“Going forward, the prospect of a June Fed rate hike. yield drop in Japan also was due to data showing consumer prices fell for the first time in five months in March. Bond markets were in for a.

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