Ставки по ипотечным кредитам в США стремительно растут, основными драйверами являются инфляция и ФРС
In the week ending 24thMarch, mortgage rates rose sharply for a second consecutive week.
30-year fixed rates jumped by 26 basis points to 4.42%. In the week prior, 30-year fixed rates surged by 31 basis points. 30-year fixed rates were at their highest since 4.35% on February-27, 2019.
Year-on-year, 30-year fixed rates were up by 125 basis points.
30-year fixed rates were still down by 52 basis points since November 2018’s last peak of 4.94%.
Economic Data from the Week
It was a quiet first half of the week, with no major stats to provide U.S Treasuries and mortgage rates with direction. Rising crude oil prices and concerns over further supply chain disruption kept inflation in focus.
On the monetary policy front, hawkish Fed Chair chatter supported the upward trend in mortgage rates. Fed Chair Powell talked of a willingness to lift rates more aggressively to curb inflation.
Freddie Mac Rates
The weekly average rates for new mortgages, as of 24thMarch, were quoted by Freddie Mac to be: