Average Us 30-year Mortgage Rate At 4.10 Pct

Mortgage rates have fallen in recent weeks after climbing last summer when the Federal Reserve began talking about reducing the monthly bond purchases it was making to keep long-term borrowing rates low. Mortgage rates often follow the yield on the 10-year Treasury note. Data released Thursday showed that sales of existing homes rose for the fourth straight month in July to their highest level in nearly a year, the latest sign that the housing recovery is picking up after stumbling at the start of the year. The National Association of Realtors said home sales rose 2.4 percent to a seasonally-adjusted annual rate of 5.15 million, the highest since last September.

Topics:  federal reserve   mortgage   treasury   data   july   the national association   realtors   september   rates   rose   sales   highest   year   
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