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March 10 Daily Financial Blog
mandy • March 10, 2016
Mortgage rates edged higher in the latest week after the Labor Department reported a strong payrolls report for February. The news pushed Bond prices lower, while mortgage rates rose. Mortgage rates are still hovering just above all-time lows. The 30-year fixed conventional mortgage rate rose to 3.68% this week with 0.5 in points and fees. Last year this time, the rate was 3.86%.
The post March 10 Daily Financial Blog appeared first on Northwest Mortgage.
Home price gains continued in February, though moderation has been seen in some regions.
A sharp decline in the West sent New Home Sales lower by 1.5 percent in March.
CoreLogic reports that home prices, including distressed sales, rose by 6.8 percent from February 2015 to February 2016.
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