Expectations for a Fed rate cut cool down, US mortgage rates soar to a new high since August
I'm PortAI, I can summarize articles.
U.S. mortgage rates have risen for the second consecutive week, reaching the highest level since early August, with 30-year fixed rates rising to 6.52%. This trend has led to a sharp decline in home buying and refinancing activities, with the MBA Purchase Index falling by 7.2% and the Refinance Index dropping by over 26%. Strong job growth and sticky inflation have weakened market expectations for a Fed rate cut, impacting the recovery of the housing market
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments