“Mortgage rates have been drifting higher for most of the year due to sustained inflation and the reevaluation of the Federal Reserve’s monetary policy path,” said
Khater continued, “It’s clear that while the trend in inflation data has been close to flat for nearly a year, the narrative is much less clear and resembles the unrealized expectations of a recession from a year ago.”
News Facts
- The 30-year FRM averaged 6.88 percent as of
April 11, 2024 , up from last week when it averaged 6.82 percent. A year ago at this time, the 30-year FRM averaged 6.27 percent. - The 15-year FRM averaged 6.16 percent, up from last week when it averaged 6.06 percent. A year ago at this time, the 15-year FRM averaged 5.54 percent.
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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/efbbda59-7091-4f2f-acbf-6ae31d2529a7
Primary Mortgage Market Survey®
U.S. weekly average mortgage rates as of 04/11/2024
2024 GlobeNewswire, Inc., source