Reported 14 days ago
Mortgage rates fell slightly this week, with the average 30-year rate at 6.27% and the 15-year rate at 5.52%. These movements occur amidst volatility in bond yields influenced by escalating trade tensions between the US and China, as well as delays in economic data release due to a government shutdown. Despite lower rates, home sales have slowed, with a 3% drop in mortgage applications for home purchases.
Source: YAHOO