US 30-year mortgage rates rise from November low: Freddie Mac
[NEW YORK] Interest rates on US 30-year mortgages jumped from their lowest levels in more than seven months in line with a rise with US Treasury yields in recent days, Freddie Mac said on Thursday.
The borrowing cost on 30-year mortgages, the most widely held type of US home loan, averaged 3.96 per cent in the week ending July 6.
Last week, the average 30-year rate was 3.88 per cent, which was the lowest since 3.57 per cent in the Nov 10, 2016 week, the mortgage finance agency said.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China says Hamas and Fatah express will for reconciliation
US consumer confidence at lowest level since 2022
Record gold prices boost recycling: WGC
Malaysian fast food operator QSR shelves IPO plans amid boycott campaign: sources
WHO warns of bird flu risk spreading to cows outside US
Sri Lanka’s key inflation rate rises to 1.5% in April