US mortgages rates weiter rauf:

verfasst von dottore, 08.08.2003, 18:19

-->Aug 08, 2003 (The Hartford Courant - Knight Ridder/Tribune Business News via COMTEX) -- For the seventh
week in a row, long-term mortgage rates have risen, reaching their highest level in a year.

Thirty-year, fixed-rate mortgages averaged 6.34 percent, with an average 0.7 points, increasing sharply from last
week's average of 6.14 percent, according to a Freddie Mac survey released Thursday.

Fifteen-year, fixed rate mortgages averaged 5.66 percent, with an average 0.7 points, also increasing from last
week's average of 5.44 percent.

Mortgage interest rates traditionally track the 10-year treasury yields because the average mortgage remains in
place for nearly 10-years.

Mortgage rates are now rising because there are signs of an improving economy. Publicly traded companies are
reporting profits, and investors are sinking more money into the market.

As a result, the demand for Treasury bonds has decreased, sending their rates up and mortgage interest rates
following.

Economists say higher rates will cut into home sales, and that will certainly mean more of a slowdown in the
housing market.

Ich bin mir sicher:

We're in the middle of something really big.

Gruß!

Thread gesperrt

 

gesamter Thread:

• US mortgages rates weiter rauf: - dottore, 08.08.2003, 18:19