Mortgage rates drop due to Wall Street’s tariff fears

NEW YORK, May 30 (Reuters) – Interest rates on U.S. 30-year fixed-rate mortgages fell below 4% for the first time since January 2018 in step with declining U.S. bond yields due to growing trade.

Mortgage rates hit reverse for the 1st time in 4-weeks, with concerns over global. Following the weekly fall, 30-year fixed rates stood 41 basis points below levels from 12-months ago.. Key stats due out of the U.S are limited to JOLTs job openings, which.. Wall Street awaits Powell's testimony tomorrow.

The Mexican tariff threat could help homebuyers and refinancing homeowners. worried investors moved more money into bonds, nudging the 30-year FRM down to 3.82%.

Mortgage rates dropped below 4% for the first time since early last year, adding to hopes for. Still, concerns about an economic slowdown could weigh on the housing market, Photo: Heather Seidel/The Wall Street Journal.

Mortgage rates drop due to Wall Street’s tariff fears (6/6/2019) The Mexican tariff threat could help homebuyers and refinancing homeowners. Worried investors moved more money into bonds, nudging the 30-year FRM down to 3.82%.

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Mortgage rates drop due to Wall Street’s tariff fears WASHINGTON – June 6, 2019 – A threat of Mexican tariffs could help homebuyers. Worried investors moved more money into bonds, which nudged the average 30-year fixed-rate mortgage down to 3.82% – a.

"The increase in the possible rate. on record. wall street ended its session mostly lower, as gains in Apple (+5.9pc) and technology stocks were offset by a drop in energy and industrial companies..

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US mortgage rate drop could cause spike in home sales. Last week, the average rate on a 30-year fixed-rate mortgage was 3.9 percent, the wall street journal reported, citing data released by Freddie Mac. It’s the first time rates have dropped below 4 percent since November. A week earlier, the rate was 4.08 percent and in mid-March it was 4.3 percent, according to the Journal.

The 10-year Treasury note yield continues to drop, closing at 2.168% in early Friday trading. That puts it down another .15% for the week. It started the month with a yield of 2.50%. Mortgage rates are being pushed down because of it. This week’s Freddie Mac average on a 30-year fixed rate mortgage was 3.99%.