Ставки по ипотечным кредитам в США растут вторую неделю подряд
Mortgage rates were on the move once more, after having barely moved through January.
In the week ending 17thFebruary, 30-year fixed rates jumped by 23 basis points to 3.92%. 30-year fixed rates had risen by 14 basis points to 3.69% in the week prior. As a result, 30-year fixed rates held above the 3% mark for a 14thconsecutive week.
Compared to this time last year, 30-year fixed rates were up by 111 basis points. 30-year fixed rates were still down by 102 basis points, however, since November 2018’s last peak of 4.94%.
Economic Data from the Week
It was a busy first half of the week, with key stats including wholesale inflation and retail sales figures. The stats supported the more hawkish FED stance on monetary policy. In January, the producer price index rose by a further 1.0% after having risen by 0.4% in December.
Retail sales jumped by 3.8% in January, reversing a 2.5% slide from December.
With the markets focused on the FED, the FOMC meeting minutes also drew attention on Wednesday. While the minutes were less hawkish than expected, rate hikes are around the corner, supporting the pickup in mortgage rates. Inflation figures from the week prior also supported the jump in mortgage rates, with the U.S annual rate of inflation accelerating from 7.0% to 7.5% in January.
Freddie Mac Rates
The weekly average rates for new mortgages as of 17thFebruary were quoted by Freddie Mac to be: