Mortgage rates rise for the second week in a row, and the demand for re -financing is running out

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Mortgage rates have moved slightly higher for the second week in a row, although they are still near the lowest levels of the year.

The average mortgage for 30 years was 6.34 % this week until Wednesday, compared to 6.3 % in the previous week, according to it. Freddy Mac data. The average mortgage rate was 15 years 5.55 %, up from 5.49 %.

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The mortgage rates have gradually increased since the Federal Reserve reduced the standard interest rate last month, reflecting the invested uncertainty about the speed and aggression of future price discounts.

The cabinet returns for 10 years, which follows the mortgage rates closely, slightly lower in recent days, although its lower path is volatile. Near midday on Thursday, the return stood for 10 years near 4.1 %.

10 years fluctuation with investors investing possible economic effects to close the government, and in the end it has not moved much after a new report from the ADP salary processor that shows that special Employers attach 32,000 jobs last month.

Some economic data that could provoke the movements of the mortgage rate has been delayed amid the closure of the government.

The monthly salary report of the United States government will not be issued as scheduled on Friday. Last month, the expected salary data sent the treasury revenues and mortgage rates.

Real estate mortgage rates have completed the current levels effectively from a short re -financing wave. Re -financing requests decreased by 21 % On Friday, compared to a previous week, the Mortgage Banking Association said on Wednesday, while mortgage requests decreased by only 1 % a week.

Read more: When will the mortgage rates decrease?

“An increase in mortgage rates cools the demand during the last full week of September,” Bob Brouthamett, President and CEO of the Mortgage Company, said in a statement. “Although purchasing applications continue to track higher levels than a year due to low prices, economic uncertainty and challenges are the ability to withstand costs still curb home sales.”

Claire Boston He is a great correspondent for the financing of Yahoo who covers housing, mortgages and home insurance.

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