Average Mortgage Rates Rise to their Second-Highest Level this Year

National Mortgage News, June 14, 2018–Glenn McCullom (subscription)
“It is no surprise that the Fed continues to raise short-term rates,” said the Mortgage Bankers Association’s Chief Economist Mike Fratantoni in a statement. “The economy is growing quickly because of tax cuts and more government spending, the unemployment rate is at an 18-year low and inflation has picked up.”