U.S. mortgage rates tumble
Rates for home loans slumped, another reminder of the “lower for longer” conditions that have dogged financial markets since the 2008 financial crisis.
The 15-year fixed-rate mortgage averaged 3.60%, down from 3.64%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.68%, down 9 basis points.Fixed-rate mortgages follow the trajectory of the benchmark 10-year U.S. Treasury note TMUBMUSD10Y, +0.76% .
But earlier this week, Khater threw in the towel and slashed his rate forecast. He now expects the 30-year fixed-rate mortgage to average 4.30% throughout the year, down from his earlier forecast of 5.1% – and also down from the 4.54% averaged during 2018. Between a strong consumer sector, healthy corporate balance sheets, market indicators like the yield curve mostly pointing in the right direction, and supportive policy, “when you wrap it all together it looks good,” Khater said.“This been the most unloved economic expansion and bull market,” Khater added. “Because of all the negative headlines, it sometimes clouds our ability to look at the data. I think the ghosts of the Great Recession are lingering in our minds.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Pending home sales jumped 3.8% in March, thanks to a big dip in mortgage ratesHome shoppers signed 3.8% more contracts to buy existing homes in March compared with February, according to the National Association of Realtors' Pending Home Sales Index. That was higher than analysts had expected. Sales were 1.2% lower compared with March 2018, the 15th straight month of annual declines.
और पढो »
Weekly mortgage applications drop 4.3%, despite lower interest ratesIt may be the heart of the spring housing season, but the mortgage market isn't seeing big business.
और पढो »
Fed Holds Rates Steady, Says Spending, Inflation Have SlowedFederal Reserve officials agreed to hold their benchmark interest rate steady Wednesday and noted some key economic activity had slowed during the first quarter.
और पढो »
Live: Powell addresses reporters after Fed keeps rates unchangedThe Federal Reserve is announcing its interest-rate decision at 2 p.m. Eastern, followed by a press conference from Chairman Jerome Powell at 2:30 p.m....
और पढो »
Fed likely to ignore Trump's call to cut interest ratesThe U.S. Federal Reserve, leaning back against pressure from President Donald Trump to slash interest rates, is expected to leave borrowing costs unchanged on Wednesday as it maintains a 'patient' monetary policy stance amid strong economic growth. Trump, who has accused the U.S. central bank
और पढो »
Live blog of Fed interest-rate decision and Powell press conferenceThe Federal Reserve is announcing its interest-rate decision at 2 p.m. Eastern, followed by a press conference from Chairman Jerome Powell at 2:30 p.m....
और पढो »
Fed leaves interest rates unchanged as U.S. economy motors alongThe Federal Reserve held interest rates steady on Wednesday as policymakers took...
और पढो »
Trump calls on Fed to cut rates by 1% and urges more quantitative easingIn a two-part tweet, the president says more easing would make the economy 'go up like a rocket.'
और पढो »
Teen suicide rates spiked after debut of Netflix show '13 Reasons Why,' study saysThe rate of suicide among US boys ages 10 to 17 surged in the month after the Netflix show '13 Reasons Why' premiered in March 2017, according to a new study
और पढो »
Trump intensifies calls on Fed to cut interest ratesDonald Trump urged the Federal Reserve to lower interest rates, renewing his long-running campaign against the central bank, which he claims has hindered economic growth
और पढो »