U.S. 30-year mortgage rates hit two-month low: Freddie Mac

December 6, 2018

NEW YORK (Reuters) – Interest rates on U.S. 30-year, fixed-rate mortgages fell to their lowest levels in two months in step with a slide in U.S. bond yields stemming from concerns about slowing U.S. economic growth, Freddie Mac said on Thursday.

Thirty-year mortgage rates averaged 4.75 percent in the week ended Dec. 6, which was the lowest since they averaged 4.71 percent in the week of Oct. 4. Last week, they averaged 4.81 percent, the mortgage finance agency said.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

from Economy – One America News Network https://ift.tt/2QeDJSf

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