Ohio, Ky. mortgage rates up over week - Business Courier of Cincinnati:

authors-morphology.blogspot.com
A 30-year, fixed-rate mortgage carriefd a 5.40 percent interest rate in Ohio asof That's down from 5.48 earlier in the week, but up from 5.38 on May 28. In the price of a 30-year, fixed-rate mortgage droppedc from 5.46 percent to 5.38 percent by Thursday, which was unchangedx from Thursday of theprevious week. The national average for a 30-yea fixed-rate mortgage is 5.36 percent, with rates across the country rangingfrom 5.27 percent in California to 6.25 percent in But rates still remaimn well below year-ago levels, when 30-yearr mortgages averaged more than 6 (NYSE: FRE) said.
“Rates caughtf up to the recent risein long-term bond yields this week to reac h a 25-week high,” said Freddie Mac Chieft Economist Frank Nothaft. “The slowdown in the housing market has now detractedr from economic growth for the past 13 the longest quarterly stretch since at least Despiterising rates, the housing markeyt continues to show small signsw of life. The ’ housing affordabilitgy index rose in April toits second-highest level since at least 1971. The NAR also reportedr this week that pending salexs of existing homes increased forthe third-consecutive posting the biggest monthly increasw since 2001.