Backtracking: Mortgage Rates Retreat

For the first time this year, the average 30-year, fixed mortgage rate has retreated, back to 4.44 percent this week after rising for nine straight weeks, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The average 30-year, fixed mortgage rate was 4.46 percent the week prior.
Mortgage rates are moved by Treasury yields, which dipped following an inflation update this week, says Len Kiefer, deputy chief economist at Freddie Mac.
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