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Economic Report: Mortgage rates tick down as investors rotate back to the bond market

Rates for home loans edged down as bond yields plunged in response to worries about global trade and the technology sector.

The 30-year fixed-rate mortgage averaged 4.44% during the week ending March 29, according to Freddie Mac’s weekly survey, out Thursday. The 15-year fixed-rate mortgage averaged 3.90%. Both products declined one basis point during the week. The 5-year Treasury-indexed hybrid adjustable-rate mortgage fell two basis points to average 3.68%.

Those rates don’t include fees associated with obtaining mortgage loans.

Mortgage rates follow the path of the benchmark U.S. 10-year Treasury note TMUBMUSD10Y, -1.44% , although they generally move more slowly.

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