Tuesday, November 15, 2016

Panic in the housing market – the Trump push up mortgage rates – Business

risen interest rates as skönjts ago Donald Trump was elected to the american president has brought up us mortgage rates over a psychological tipping point. The reported CNBC late on Monday.

the Average interest rate on a 30-year bound mortgages have moved above 4%, according to statistics released by CNBC taken from the Mortgage News Daily. The u.s. mortgage rates have been moving around a half a percentage point higher since Donald Trump was elected to the american president.

“the Situation on the market is panicky. Damage control. People were trying to tie their loans rapidly during the last week and now faces a tough choice to tie in the day or hope for a rebound. Many hoped for a rebound in the last week before the långhelgen, which we obviously do not got,” said Mortgage News Daily’s chief operating officer Matthew Graham to CNBC.

the Economists at the Mortgage Bankers Association believes now that mortgage rates will trenda higher than previously assumed. They are going to evaluate the political measures served to assess “the impact of the housing market and growth in general”, quoting CNBC.

On the bond market have both a ten year old who trettioårig statspappersränta risen by around 0.5 percentage points on a week to level around 2.2 and about 3 per cent.

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