Trump, Mortgage loan and bonds
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Americans flee mortgage market despite lower rates as lenders tighten grip on credit nationwide
The housing market faces dual pressure as fewer Americans apply for mortgages while lenders reduce loan programs and increase documentation requirements.
Fifteen-year mortgage rates fell to a one-month low today. Currently, the average interest rate on a 30-year fixed mortgage is 6.14%, compared to 6.15% a week ago, according to the Mortgage Research Center.
Mortgage rates could fall in January, but they're more likely to hold steady. While daily ups and downs are a given, a major shift this month feels like a long shot.
Reina Marszalek is a senior mortgage editor at Fox Money who has spent more than 10 years writing and editing content. Fox Money is a personal finance hub featuring content generated by Credible Operations, Inc. (Credible), which is majority-owned ...
Mortgage rates were just a hair higher for the average lender on Thursday. The underlying bond market lost some ground following a stronger weekly Jobless Claims report and in sympathy with global bond market weakness overnight.
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