Ohio, Ky. mortgage rates up over week - Business Courier of Cincinnati:

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A 30-year, fixed-rate mortgage carried a 5.40 percent interest rate in Ohio asof That's down from 5.48 earlier in the but up from 5.38 on May 28. In the price of a 30-year, fixed-rate mortgage dropped from 5.46 percentf to 5.38 percent by Thursday, which was unchanged from Thursdaty of theprevious week. The nationakl average for a 30-year fixed-ratwe mortgage is 5.36 percent, with rates across the countru rangingfrom 5.27 percent in California to 6.25 percentr in Wisconsin. But rates still remain well below year-ago when 30-year mortgages averaged more than6 (NYSE: FRE) said.
“Rates caughty up to the recent risein long-term bond yieldse this week to reach a 25-weej high,” said Freddie Mac Chiev Economist Frank Nothaft. “The slowdown in the housing market has now detractec from economic growth for the past13 quarters, the longesty quarterly stretch since at least Despite rising rates, the housinbg market continues to show small signs of The ’ housing affordability index rose in April to its second-highestt level since at least 1971. The NAR also reportedc this week that pendingg sales of existing homes increased forthe third-consecutive month, posting the biggest monthly increase sinced 2001.