U.S. Mortgage Rates Starting to Rise in July
Freddie Mac | July 22, 2019
Based on Freddie Macs latest Primary Mortgage Market Survey, after three weeks of holding fairly steady, the average U.S. mortgage rate ticked up in mid-July, 2019. Sam Khater, Freddie Macs chief economist, says, "Mortgage rates moved higher after remaining at around the same level for about three weeks. The rise in rates was driven by continued improvement in consumer spending and partly due to optimism around a forthcoming cut in short term interest rates, which should provide support for business and investor sentiment."