Inman

Real estate daily market update: April 27, 2018

AshDesign / Shutterstock.com

 We’ll add more market news briefs throughout the day. Check back to read the latest.

Most recent market news

Friday, April 27

Bankrate mortgage rates

Source: Bankrate

News from earlier this week

Thursday, April 26

Freddie Mac Primary Mortgage Survey

“Following Treasuries, mortgage rates soared,” said Len Kiefer, Freddie Mac deputy chief economist. “The U.S. weekly average 30-year fixed mortgage rate rose five basis points to 4.47% in this week’s survey, its highest level since January of 2014 and the largest weekly increase since February of this year.”

Zillow Rate Mortgage Ticker

Source: Zillow

“After flatlining for much of the past two months, mortgage rates have again moved definitively upward, touching their highest levels since January 2014,” said Aaron Terrazas, senior economist at Zillow.

“This upward momentum suggests a growing acceptance of the underlying strength of the American economy that markets seemed to discount over the past couple of months. Several Fed speakers over the past week noted the strength of incoming U.S. economic data, which will be particularly important going into next week’s FOMC meeting. GDP and wage data due later this week will be important metrics to watch as recent geopolitical flashpoints seem to be receding.”

Wednesday, April 25

Bankrate mortgage rates

Tuesday, April 24

Bankrate mortgage rates

Source: Bankrate

Monday, April 23

Bankrate mortgage rates

Source: Bankrate

Email Inman