US mortgage rates tumbled this week | 18 Noviembre 2022

18 Noviembre 2022, USD/JPY

USDJPY trading plan:

Mortgage rates in the US faced the biggest weekly decline in nearly 41 years, providing some relief after a rapid run-up that quickly priced out homebuyers. The average rate for a 30-year fixed mortgage was 6.61%, the lowest level in almost two months, Freddie Mac said in a statement. Last week, the average was 7.08%.The results reflect a change in Freddie Mac’s methodology that the company says will provide a broader, more accurate view of the mortgage market. Instead of surveying lenders, it now uses data collected by its automated underwriting system to calculate average rates. Borrowing costs tracked a decline in yields for 10-year Treasuries after the government reported last week that inflation eased in October. Investors are viewing the consumer-price data as a sign that the Federal Reserve may begin to temper its interest-rate hikes in the coming months. Fed Chair Jerome Powell, however, has said it’s premature to consider a pause.

Investment idea: buy 139.35 and take profit 140.12.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus