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Long-Term Mortgage Rates Remain Near 6%

  • February 9th

by UrbanTurf Staff

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Mortgage rate chart_02-05-26.png

Long-term interest rates remain at their lowest level in years.

Freddie Mac reported 6.11% as the average on a 30-year mortgage on Thursday, up one basis point from the previous week. 

“For the last several weeks, the 30-year fixed-rate mortgage has remained at its lowest level in years,” said Sam Khater, Freddie Mac’s Chief Economist. “The combination of improving affordability and availability of homes to purchase is a positive sign for buyers and sellers heading into the spring home sales season.”

The UrbanTurf Mortgage Rate Disclaimer: The rates reported by Freddie Mac for 30-year mortgages are usually the best rates that the most qualified borrowers can get, so borrowers or those considering refinancing should not necessarily read this news and think that they can go out and get a loan with the quoted interest rate.

See other articles related to: mortgage rates

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/long-term_mortgage_rates_remain_near_6/24300.

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