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Freddie Mac reported the average U.S. 30-year fixed-rate mortgage increased to 6.49 percent in the week of July 9 from 6.43 percent the previous week. The weekly survey tracks lender offerings for new home loans.
news.sky.comThe average rate on 30-year fixed-rate mortgages in the United States stood at 6.49 percent in the week of July 9. Freddie Mac reported the increase from 6.43 percent in the prior week. The data come from the government-sponsored enterprise's weekly survey of lenders.
The survey measures rates offered to qualified borrowers seeking to purchase a home. Freddie Mac releases the figures each Thursday to provide a benchmark for current borrowing costs.
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vanguardngr.comShip movements through the key oil route stopped on July 8 after President Trump declared the U.S.-Iran ceasefire over and both sides resumed missile strikes. Only one sanctioned tanker moved through the waterway earlier on the day of the report.
westernjournal.comPresident Trump announced on July 8 that the June 17 memorandum is effectively dead following attacks on vessels near the Strait of Hormuz. U.S. Central Command had conducted strikes on Iranian targets the previous day, and the Treasury Department blocked Iranian oil sales.
The auction produced a high yield of 5.058 percent and a bid-to-cover ratio of 2.44. Indirect bidders took 77.7 percent of the allocation, up from 60 percent in the prior sale.