US mortgage rates touch seven-year highs as yield curve steepens

Yield spread performance trading adobe stock  electronic 230x150 AS
By Alexander Saeedy
11 Oct 2018

According to weekly data released by Freddie Mac, the average 30-year fixed-rate mortgage rate jumped 19 basis points over the past week to 4.90 percent, its largest weekly increase since 2016 and the highest level seen in seven years.

Rates are the highest they have been since April 2011. 30-year mortgage rates touched post-crisis lows in 2013 and have been increasing ever since.

According to Len Kiefer, deputy chief economist at Freddie Mac, the recent spike in 10-year Treasuries is one major culprit behind rising mortgage rates. ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.