The average 30 year mortgage rate rose to a six month high. The average 30 year mortgage rate climbed to 4.84 from 4.66% Many experts predict mortgage rates will continue to sharply rise in the near term. Rates have continued their upward trend despite the Fed announcing to continue their treasury purchasing policy.
The Feds treasury purchasing program has been a major component in rates hitting all time lows. Many experts are surprised that rates continued to climb even after the Fed's announcement.
The Feds treasury purchasing program has been a major component in rates hitting all time lows. Many experts are surprised that rates continued to climb even after the Fed's announcement.
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