Federal Home Loan Mortgage Corporation 13, said that with bond yields fell, as January 13 the week to mortgage interest rates continue to fall.
In recent months, U.S. mortgage rates continued to fall and hit a record low was recorded because of the uncertainty of the U.S. economy led to falling bond yields, so mortgage rates fell under pressure. However, near the end of 2010, the United States began to rebound in mortgage rates to gradually rise. Mortgage rates typically follow the trend in bond yields, and prices move in the opposite.
Freddie Mac chief economist Bendict Swift pointed out that the recent release of the U.S. December employment report was weaker than expected, suggesting the recovery of the U.S. labor market remains weak, resulting in bond yields continued to fall.
As of Jan. 13 week, 30-year fixed-rate mortgage rate average 4.71%, lower than the previous week's 4.77% and 5.06% a year earlier. 15-year fixed-rate mortgage rates average 4.08%, lower than the previous week's 4.13% and 4.45% a year earlier.