The 30-year loan interest rate in the United States has rise

Washington, July 16 (Xinhua) -- According to data released by US housing finance institution Freddie Mac on the 16th local time, the average interest rate for 30-year fixed mortgage loans in the United States has risen to 6.55%, the highest value since August 28 last year.

 

Data shows that the average interest rate for 30-year fixed mortgage loans in the United States rose to 6.55% on the same day, compared to 6.49% a week ago. A year ago, the data was 6.75%.

 

Since the beginning of this year, the average interest rate for 30-year fixed mortgage loans in the United States dropped to a three-year low of 5.98% on February 26th, and has been on an overall upward trend for several months due to the impact of the Iran conflict.

 

The US housing loan interest rate is affected by factors such as the Federal Reserve's federal fund interest rate and the US 10-year treasury bond bond yield. The yield of US 10-year treasury bond bonds rose to 4.57% on the same day, higher than 4.54% a week ago and much higher than 3.97% before the Iranian war.

 

Analysts believe that the rise in mortgage interest rates will weaken the purchasing power of potential homebuyers and be detrimental to the recovery of the real estate market.

 

According to data released by the National Association of Real Estate Brokers on the same day, the index of signed sales of existing homes, which reflects the signing of housing contracts, decreased by 5.4% month on month and 0.3% year-on-year in June.

 

According to data released by the Mortgage Bankers Association on the 15th, the number of mortgage applications (including home loans or refinancing of existing mortgages) decreased by 2.7% in the week ending July 10th compared to the previous week. (End)