- Mortgages fell sharply this week and moved closer to historic lows, keeping home-buying and refinancing attractive.
- Rate for 30-year fixed loans fell to 3.43% from 3.54% last week.
- Rate on 15-year fixed mortgages dipped to 2.65% from 2.74% last week.
- Low mortgage rates are helping sustain a housing recovery that began last year.
- Mortgage rates have been low because they tend to track the yield on 10-year Treasury notes. The yield has fallen in recent weeks and went as low as 1.71% April 5, after a weak report on March
- When demand rises, bond yields fall.
J.P. Morgan seen posting meager profit growth Nation’s biggest bank reports Friday, revenue seen falling ›
Categories: Capital Markets