Mortgage Rates Remain Steady, Mirroring Cautious Markets

According to an article in National Mortgage News, mortgage rates have stayed below 3.5% for nine consecutive weeks, while treasury yields changed little compared to a week ago. The article cites Sean Beckitti, Freddie Mac’s chief economist, who states, “Markets are erring on the side of caution ahead of the second estimate for second-quarter GDP and Fed Chair Janet Yellen’s speech,” which was held in Jackson Hole, Wyoming on Friday. Click here to view Chairwoman Yellen’s speech on interest rates.

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