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Tag Archives: Fixed-Rate Mortgage

Light Economic Reporting Leaves Mortgage Rates Relatively Flat

New Homes

A slow week for economic news led to relative flatness in mortgage rates to kick off April. Freddie Mac’s Primary Mortgage Market Survey revealed the average rate on a 30-year fixed-rate mortgage (FRM) came up to 4.41 percent (0.7 point) for the week ending April 3—a minor increase from 4.40 percent last week.

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FHFA Reports Mortgage Rates Decreased

The FHFA reported mortgage rates for occupied homes was 4.30 percent for loans closed in late February, a decline of 0.07 percent. The interest rate survey also showed the average rate on a conventional, 30-year fixed-rate mortgage was 4.45 percent, a drop of 22 basis points from January.

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