The disclosure of minutes of the Fed policymakers' most recent meeting in late April tipped U.S. government bond prices sharply lower, raising long-term bond yields. Long-term bond yields tend to influence mortgage rates. With low loan rates as an inducement, Americans signed more contracts to buy homes in April for the third straight month, driving pending home sales to the highest level in more than a decade.

Topics:  fed   u.s    long-term   april   mortgage rate   bond   rates   yields   
BING NEWS:
  • Mortgage applications jump as buyers worry about rising rates
    Last week’s average rate clocked in at 7.13 percetnt, the highest level since December, according to the Mortgage Bankers Association.
    04/17/2024 - 4:08 am | View Link
  • Mortgage Rates Spike Could Upend Housing Market
    While the Federal Reserve doesn't directly set mortgage rates, these are hugely influenced by the central bank's decision to hike or cut interest rates. The Fed left rates unchanged in March and is ...
    04/15/2024 - 11:03 pm | View Link
  • Could my mortgage cost me more than I make from house price rises?
    With the help of data from Finder, we crunch the numbers on predicted mortgage costs and house price rises in the coming decades. Will homeowners still be better off?
    04/14/2024 - 10:29 pm | View Link
  • Average mortgage rate rises modestly
    The average rate on a 30-year mortgage rose to 6.82% from 6.79% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.28%.
    04/4/2024 - 5:59 am | View Link
  • Average long-term US mortgage rate rises modestly this week, holding just below 7%
    The average long-term U.S. mortgage rate rose modestly this week, holding below 7% as it has for much of this year. The average rate on a 30-year mortgage rose to 6.82% from 6.79% last week, mortgage ...
    04/4/2024 - 5:32 am | View Link
  • More

 

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