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-0.00350877192982449 -0.0105263157894736 -0.0101754385964912 -0.00175438596491224 0.00350877192982464 0.00701754385964913 0.012280701754386 0.0105263157894738
Stock impact report

The average rate on a 30-year mortgage in the US slips to 6.78% [Yahoo! Finance]

Federal Home Loan Mortgage Corporation (FMCC) 
NASDAQ:AMEX Investor Relations: freddiemac.com/investors
Company Research Source: Yahoo! Finance
The rate slipped to 6.78% from 6.79% last week, mortgage buyer Freddie Mac said Thursday. That's still down from a year ago, when the rate averaged 7.4%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a lower rate, also eased this week. The average rate slipped to 5.99% from 6% last week. A year ago, it averaged 6.76%, Freddie Mac said. Mortgage rates are influenced by several factors, including the yield on U.S. 10-year Treasury bonds, which lenders use as a guide to price home loans. Bond yields have been rising in recent weeks following encouraging reports on inflation and the economy. Last week, bond yields surged on expectations that President-elect Donald Trump's plans to lower tax rates , increase tariffs and reduce regulation could ultimately lead to higher U.S. government debt and inflation , along with faster economic growth. Show less Read more
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