US 30-Year Mortgage Rate Slips to 6.36% as 10-Year Treasury Yield Stays at 4.44%
Updated
Updated · abcnews.com · May 14
US 30-Year Mortgage Rate Slips to 6.36% as 10-Year Treasury Yield Stays at 4.44%
16 articles · Updated · abcnews.com · May 14
Freddie Mac said the average 30-year fixed mortgage rate dipped to 6.36% this week from 6.37%, the first decline after two straight weekly increases; the 15-year rate eased to 5.71% from 5.72%.
Both rates remain below year-ago levels—6.81% for the 30-year and 5.92% for the 15-year—but the 30-year mortgage has not fallen back under 6% since late February.
Mortgage costs have mostly trended higher since the Iran war began, with the Strait of Hormuz closure driving oil prices up and stoking inflation expectations.
Those pressures have lifted the 10-year Treasury yield, a key benchmark for home loans, to 4.44% Thursday from 3.97% in late February.
With Mideast tensions dictating mortgage rates, how resilient is the U.S. economy to prolonged global instability?
How is the ongoing Iran conflict reshaping the American dream of homeownership for the average family?
As the Strait of Hormuz remains a flashpoint, what is the next global supply chain crisis American consumers should prepare for?