U.S. 30-year mortgage rates rise from 14-month low: Freddie Mac

FILE PHOTO:  Homes are seen for sale in the southwest area of Portland
FILE PHOTO: Homes are seen for sale in the southwest area of Portland, Oregon March 20, 2014. REUTERS/Steve Dipaola/File Photo

April 4, 2019

NEW YORK (Reuters) – Interest rates on U.S. 30-year fixed-rate mortgages edged up from their lowest in over 14 months as bond yields have risen this week on encouraging economic data and optimism on a trade deal between China and the United States, Freddie Mac said on Thursday.

Thirty-year mortgage rates averaged 4.08% in the week ended April, up from the prior week’s 4.06%, which was the lowest level since Jan. 18, 2018, the mortgage finance agency said.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

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