In this installment of the Keller Williams report: The Numbers That Drive Real Estate, we look at Mortgage Rates…

Mortgage rates are settling back down after spiking in recent weeks following rising yields on long-term government debt, which are closely tied to mortgages rates, amid concerns over the government’s deficit spending and inflationary pressure.

Average rates for 30-year mortgages fell for the second straight week to the lowest level in six weeks on weak employment figures and declining home values in many markets.

Mortgage Rates
30-Year Fixed

Check back for the next installment in this series: The Numbers That Drive Real Estate: Affordability.

Jennifer Mackay
850-774-6582
www.jennifermackay.com

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