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Freddie Mac Mortgage News
SAN FRANCISCO — Freddie Mac said Thursday the 30-year fixed-rate mortgage average fell further to 4.72% with an average 0.7 point for the week ending June 10. In the previous period, the average was 4.79%, and the year-ago average was 5.59%. “Following a relatively weak employment report, bond yields fell this week and mortgage rates followed. Private payrolls rose by 41,000 jobs in May, less than a quarter of the market forecast consensus of an 180,000 gain. Interest rates on 30-year fixed mortgage hover near the record low set on December 3, 2009 in our survey; the Primary Mortgage Market Survey began in April 1971,” said Frank Nothaft, Freddie Mac chief economist, in a statement.
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Freddie Mac- 30 year mortgage rate slides again is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
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