Mortgage Rates Remain Flat
Freddie Mac released the results of its Primary Mortgage Market Survey, showing that the 30-year fixed-rate mortgage rate remained flat for the second consecutive week (Freddie Mac)
- 30-YR fixed-rate averaged 2.73% with an average 0.7 point for the week. A year ago at this time, the rate was 3.47%.
- 15-YR fixed-rate averaged 2.19% with an average 0.6 point for the week which is down from last week when it averaged 2.21%. A year ago at this time, the rate was 2.97%.
Sam Khater, Freddie Mac’s Chief Economist, said in a statement, “New COVID-19 cases are receding, which is encouraging and that has led to a rise in Treasury rates. But, the run-up in Treasury rates has not impacted mortgage rates yet, which have held firm.”