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American Capital Agency Corp. Message Board

  • onion1273 onion1273 Mar 14, 2013 10:42 AM Flag

    Mortgage Rates for 30-Year U.S. Loans Rise to a Six-Month High

    (As long as the Fed does not raise the fed funds target this is good for us - Onion)

    By Prashant Gopal
    March 14 (Bloomberg) -- U.S. mortgage rates for 30-year
    loans rose to a six-month high after stronger-than-expected
    employment growth drove up yields for the government securities
    that guide home loans.
    The average rate for a 30-year fixed mortgage was 3.63
    percent in the week ended today, up from 3.52 percent and the
    highest level since late August, McLean, Virginia-based Freddie
    Mac said in a statement. The average 15-year rate climbed to
    2.79 percent from 2.76 percent.
    The 10-year Treasury yield reached an 11-month high on
    March 8, after the Labor Department said employers added 236,000
    workers in February, more than economists projected, and the
    jobless rate fell to 7.7 percent. The U.S. property market is
    recovering from a five-year slump as job gains and low interest
    rates fuel demand.

22.30+0.30(+1.34%)Dec 19 4:00 PMEST

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