Mortgage rates pull back on weak inflation data

Rising inflation reduces the actual return on a fixed interest rate investment, so with 2% inflation, that 6% mortgage note returns only 4% "real" interest. If inflation is expected to decline for the foreseeable future, you can bet that mortgage rates have some room to fall.

Long-term Treasury yields have moved back up near multi-year highs, putting upward pressure on mortgage rates. With rates continuing to move higher as the year progresses, it only makes sense to lock in a rate sooner rather than later.. Inflation Data Pushes Current Mortgage Rates Higher on.

The five-year adjustable-rate average slipped to 3.88 percent with an average 0.3 point. It was 3.91 percent a week ago and 3.63 percent a year ago. “The combination of cooling inflation. to pull.

Mortgage rates today, March 14, 2018, plus lock recommendations Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase.. Mortgage rates today, March 12, 2018, plus lock.

The May CPI data was fairly soft, with core inflation over the past year declining to 2% in May from the 2.1% reading in April and a 2.4% reading last July. See: Inflation tame, Consumer prices.

Threat of NAFTA collapse, weak inflation put bank of Canada on hold By Barrie McKenna October 25, 2017 – The Globe and Mail. Canada’s central bank is hitting the pause button on hiking interest rates in the face of surprisingly weak inflation and the threat of NAFTA’s demise. The Bank of Canada kept its key overnight rate

Refi Roadmap: A Locked Rate Isn’t a Closed Loan ‘How To Shop For A Mortgage’ is a primer on how rates are derived and how to get the best terms. Also linking to my previous piece which details the loan process in terms that won’t put you to sleep.. -Refi Roadmap: A Locked Rate Isn’t A Closed Loan. Now Go Talk About it.

Mortgage Rates Pull Back on Weak Inflation Data:Mortgage Rates Pull Back on Weak Inflation Data. After a month of increases, mortgage rates retreated this week. According to latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slipped to 4.14 percent with an average 0.5 point.

PCE inflation data was cooler than expected, giving the Fed plenty of wiggle-room to pull back on rate hikes. Retailers got off to a strong start this Holiday season.

Mortgage rates pull back on weak inflation data By The Washington Post After a month of increases, mortgage rates retreated this week. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slipped to 4.14 percent with an average 0.5 point.

Mortgage rates were unchanged today. Initial Jobless Claims were much lower than expected. "We gave back some of the gains we enjoyed yesterday, despite weaker than expected GDP and inflation data.

Mortgage Rates, The Fed, and Brexit. What Does it All Mean? The Fed pausing on their rate hike forecasts does raise some concerns given the supposed strength of our economy and near all-time highs in the stock market. Historically, the Fed mandate was to watch over employment and inflation, but it is clear that supporting equity and asset valuations is no less important in today’s world.

Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.

Bank bosses knew of rate rigging affecting mortgage rates, credit cards TD Bank quietly increased its fixed mortgage rates ahead of a similar move by Royal Bank of Canada.. TD Bank increases fixed mortgage rates, follows RBC hike. basis points to 2.79 per cent.