Why Are Mortgage Interest Rates Increasing?

According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed rate mortgage interest rate jumped up to 3.94% last week. Interest rates had been hovering around 3.5% since June, and many are wondering why there has been such a significant increase so quickly. Why did rates go up? Whenever there is a presidential election, there is uncertainty in the markets as to who will win. One way that this is noticeable is through the actions of investors. As we get closer to the first Tuesday of November, many investors pull their funds from the more volatile and less predictive stock market and instead, choose to invest in Treasury Bonds. When this happens, the interest rate on Tr

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The Birdsong Group, Brokered by eXp Realty

Licensed in Louisiana

2201 Veterans Memorial Blvd #404, Metairie, LA 70002  |  504-780-9422 

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© 2018 by The Birdsong Group, Brokered by eXp Realty.