Mortgage: Year and Trade War

mortgage: The 30-year fixed-rate mortgage averaged 3.82% in the May 30 week, down from 3.99%, Freddie Mac said Thursday, according to Market Watch. It was the lowest level since September 2017 for the popular product, and its sixth-straight weekly decline. Rates for home loans slid as investors snatched up bonds in the wake of an intensifying global trade war. The 15-year fixed-rate mortgage averaged 3.28%, down from 3.46%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.52%, down eight basis points. When bond prices rise, yields fall. Fixed-rate mortgages follow the path of the 10-year U.S. Treasury note TMUBMUSD10Y, 0.20% . Investors are flocking to bonds as trade war worries wallop markets and the end of the economic cycle appears to be drawing nearer. (news.financializer.com). As reported in the news.