Long-term US mortgage rates continued to surge this week in the aftermath of Donald Trump’s election win.
Mortgage giant Freddie Mac said Wednesday that the average rate on a 30-year fixed rate loan shot up to 4.03 per cent, the highest since July 2015 and up from 3.94 per cent a week earlier. The rate on 15-year home loans climbed to 3.25 per cent, up from 3.14 per cent last week and highest since January.
Long-term US interest rates have climbed since Trump was elected November 8. T…
Source : South China Morning Post
Read more…US mortgage rates keep rising after Trump’s election win















