On the topic of borrowing rates, Yun foresees the U.S. to start slowly entering a rising interest rate environment in coming months, with the Federal Reserve increasing short-term rates in December, and then again in March. He expects mortgage rates gradually moving upward towards 4.5 percent by the end of 2016.
On the topic of borrowing rates, Yun foresees the U.S. to start slowly entering a rising interest rate environment in coming months, with the Federal Reserve increasing short-term rates in December, and then again in March. He expects mortgage rates gradually moving upward towards 4.5 percent by the end of 2016.
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The 30-year mortgage rate climbed 6 basis points to 3.82 percent, marking 12 consecutive weeks below 4 percent. Late-breaking news suggests mortgage rates may remain in this territory a while longer.
The 30-year mortgage rate climbed 6 basis points to 3.82 percent, marking 12 consecutive weeks below 4 percent. Late-breaking news suggests mortgage rates may remain in this territory a while longer.
