Mortgage lending rates in the USA declined last week following a similar trend in the government bond market.
The increase in US Treasury quotations is due to concerns related to trade disagreements between the USA and other countries, which pushed investors to transition to safe assets, MarketWatch says.
As reported in a weekly survey of the state mortgage company Freddie Mac, the average fixed interest rate for the 30-year mortgage fell to 4.57% per annum compared with 4.62% per annum last Thursday. A year earlier, it was at around 3.9% per annum.
Fifteen-year loans are now provided on average at 4.04% versus 4.07% a week earlier and 3.17% a year ago.
