Finance Forex

Mortgage rates rise for first time in 2019 but are expected to fall from here

Mortgage Rates Rise For First Time In 2019 But Are Expected To Fall From Here chapter is one from that Finance, Forex categories, written by our reporter Erick Emerson on top of January 31, 2019, those essay can search immediately upon these hastag 2019, expected, fall, Mortgage, rates, Rise, time. We are pleasant to joyful you and providing that others paper related finance together with I am always updating this part routine.


This won’t last and neither will higher mortgage rates, forecasts indicate.

Rates for home loans ticked up slightly, but look set to fall in the coming weeks as investors gird for a slower-growth economy.

The 30-year fixed-rate mortgage averaged 4.46% in the January 31 week, mortgage guarantor Freddie Mac said Thursday. That was up just one basis point compared to the prior week, and marked the first time in 2019 that the popular product had charted an increase.

The 15-year fixed-rate mortgage averaged 3.89%, also up one basis point. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.96%, up from 3.90%.

Also read: Here’s what real-estate agents are saying about the housing market’s health

Fixed-rate mortgages follow the path of the 10-year U.S. Treasury note

TMUBMUSD10Y, -1.13%

 . The chart shows just how closely that relationship has been, over several decades and in good times and bad.

Demand for assets like Treasurys, which are considered safe havens, has strengthened in recent weeks as investors have concerns about slowing global economic growth. Bond yields decline as prices rise.

In the wake of the Federal Reserve’s decision Wednesday to stand pat on interest rate increases, investor interest in bonds has surged, sending yields down again, including the longer end of the Treasury yield curve that more directly impacts mortgage rates. The sentiment change is because bonds may look like a better long-term investment than stocks as the economy weakens, and if inflation and interest rates remain steady, fixed-income assets won’t erode in value.

That’s certainly a boon for house-hunters. Yet the same housing headwinds that battered the market in 2018 remain: limited supply of properties at the prices demanded by most Americans.

See: Mortgage rates hit a 4-month low, so what’s holding back the housing market?

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