Morgtage Rates Tick Up as Housing Improves Creating a Catch-22

HFA Padded
HFA Staff
Published on
Updated on
net worth sweep Fannie Mae Freddie Mac

In a sign that the days of ultra-low mortgage rates may be ending, Freddie Mac’s weekly Primary Mortgage Market Survey, revealed that rates continue to harden, and have been doing so for three weeks. The 30-year fixed rate mortgage rose to an average 3.62 percent, from 3.59 percent last week. Similarly, the 15-year fixed rate mortgage was average 2.88 percent, up from 2.84 percent last week. Mortgage rates have started hardening and the trend caught attention in March and then again in June. It appears that the low borrowing rates helped beleaguered home owners to refinance their existing rates, and…

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!

HFA Padded

The post above is drafted by the collaboration of the Hedge Fund Alpha Team.