Freddie Mac reports slight downtick in 30 year mortgages

Freddie Mac reports slight downtick in 30 year mortgages

A slight drop in reported 30 year mortgage rates by Freddie Mac continues to show a short term decline in rates.  With last weeks rise in 10 year treasuries, there was a possibility that we may have seen a slight increase, but this did not happen and we have experienced 3 continued weeks of either steady or declining rates.

With many people expecting to see a full percentage rise in rates from the first of the year, this current pattern might put a lid on the overall increases and keep reported rates under 4.9%, short of those expectations.

Continue reading Freddie Mac reports slight downtick in 30 year mortgages at STL.News.