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30-Year Mortgage Rates Inch Up

  • April 30th

by UrbanTurf Staff

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Mortgage rate chart_04-30-26.png

Long-term mortgage rates rose this week, but remained in familiar territory. 

Freddie Mac reported that the 30-year rate averaged 6.30%, up from 6.23% last week, but well below the 6.76% recorded a year ago. 

"As rates had modestly declined the last few weeks, purchase demand has accelerated with purchase applications rising to over 20 percent above a year ago," Freddie Mac chief economist Sam Khater said. "It is clear that purchase demand continues to hold up as prospective buyers react to both modestly lower rates and more inventory to choose from than the last few years."

For the first four months of the year, long-term mortgage rates have remained in the 6% to 6.5% window. 

See other articles related to: mortgage rates

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/30-year_mortgage_rates_inch_up/24579.

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