teow0023
2021-07-08
Collect coins!
Mortgage rates slips to 2.9%, lowest in five months
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While mortgage rates tend to follow Treasury yields closely, other factors can be impactful such as the labor markets, which are continuing to improve per last week’s jobs report,\" chief economist Sam Khater commented.</li>\n <li>The 10-year U.S. Treasury yield dropped below 1.3% on Wednesday, and fell another 6 bps overnight to 1.26%,read more.</li>\n <li>Also Read: Are Treasury yields sniffing out a Fed mistake?: At the Open</li>\n <li>5-year FRM averages 2.20% down from last week when it averaged 2.26% and 2.51% a year ago.</li>\n <li>5-year Treasury-indexed hybrid adjustable rate mortgage averaged 2.52%, down from 2.54% in prior week, and lower from 3.02% a year ago.</li>\n <li>\"We expect economic growth to gradually drive interest rates higher, but homebuyers and refinance borrowers still have an opportunity to take advantage of 30-year rates that are expected to continue to hover ~3%,\" Khater continued.</li>\n <li>\"While longer-term changes in rates are likely to be to the upside, the shift in the market's outlook suggests that rates have little reason to move sharply higher anytime soon\" Zillow economist Matthew Speakman commented.</li>\n <li>Fannie Mae's new survey indicated that Americans were growing even more pessimistic about the prospect of buying a home these days, in light of the low supply of listings and rising prices; chief economist Doug Duncan projected that home-buying demand would remain strong through the rest of 2021.</li>\n <li>Mortgage REITs:(NYSE:CIM),(NASDAQ:AGNC)and(NYSE:NLY)are trading in red today while homebuilder stocks:(NYSE:DHI),(NYSE:LEN),(NYSE:PHM),(NYSE:TMHC),(NYSE:KBH),(NASDAQ:LGIH)are also trading in red.</li>\n <li>ETFs Watch:(BATS:ITB),(BATS:REM),(NASDAQ:IEF),(NYSEARCA:XHB),(NYSEARCA:IYR),(NYSEARCA:PKB)</li>\n</ul>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mortgage rates slips to 2.9%, lowest in five months</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMortgage rates slips to 2.9%, lowest in five months\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-08 22:42 GMT+8 <a href=https://seekingalpha.com/news/3713678-mortgage-rates-slips-to-29-lowest-in-five-months><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>30-year fixed-rate mortgage averaged 2.90% for the week ending July 8, down from 2.98% recorded in prior week and down from 3.03% averaged in same period a year ago,according to theFreddie Mac Primary...</p>\n\n<a href=\"https://seekingalpha.com/news/3713678-mortgage-rates-slips-to-29-lowest-in-five-months\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FMCC":"房地美","CIM":"奇美拉投资"},"source_url":"https://seekingalpha.com/news/3713678-mortgage-rates-slips-to-29-lowest-in-five-months","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1135220115","content_text":"30-year fixed-rate mortgage averaged 2.90% for the week ending July 8, down from 2.98% recorded in prior week and down from 3.03% averaged in same period a year ago,according to theFreddie Mac Primary Mortgage Survey; its lowest since Feb.18 levels.\n\"Mortgage rates decreased this week following the dip in U.S. Treasury yields. While mortgage rates tend to follow Treasury yields closely, other factors can be impactful such as the labor markets, which are continuing to improve per last week’s jobs report,\" chief economist Sam Khater commented.\nThe 10-year U.S. Treasury yield dropped below 1.3% on Wednesday, and fell another 6 bps overnight to 1.26%,read more.\nAlso Read: Are Treasury yields sniffing out a Fed mistake?: At the Open\n5-year FRM averages 2.20% down from last week when it averaged 2.26% and 2.51% a year ago.\n5-year Treasury-indexed hybrid adjustable rate mortgage averaged 2.52%, down from 2.54% in prior week, and lower from 3.02% a year ago.\n\"We expect economic growth to gradually drive interest rates higher, but homebuyers and refinance borrowers still have an opportunity to take advantage of 30-year rates that are expected to continue to hover ~3%,\" Khater continued.\n\"While longer-term changes in rates are likely to be to the upside, the shift in the market's outlook suggests that rates have little reason to move sharply higher anytime soon\" Zillow economist Matthew Speakman commented.\nFannie Mae's new survey indicated that Americans were growing even more pessimistic about the prospect of buying a home these days, in light of the low supply of listings and rising prices; chief economist Doug Duncan projected that home-buying demand would remain strong through the rest of 2021.\nMortgage REITs:(NYSE:CIM),(NASDAQ:AGNC)and(NYSE:NLY)are trading in red today while homebuilder stocks:(NYSE:DHI),(NYSE:LEN),(NYSE:PHM),(NYSE:TMHC),(NYSE:KBH),(NASDAQ:LGIH)are also trading in red.\nETFs Watch:(BATS:ITB),(BATS:REM),(NASDAQ:IEF),(NYSEARCA:XHB),(NYSEARCA:IYR),(NYSEARCA:PKB)","news_type":1},"isVote":1,"tweetType":1,"viewCount":55,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":13,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/143922796"}
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