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Mortgage Rates Inch Down For 4th Week In A Row

  • February 13th

by UrbanTurf Staff

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Mortgage rates continue to fall little by little. 

Freddie Mac reported 6.87% as the average on a 30-year mortgage, down two basis points from last week. Long-term rates have fallen for for weeks in a row are now at their lowest point of the new year.

“Recent mortgage rate stability is benefitting potential buyers, as purchase demand is stronger than this time last year," said Sam Khater, Freddie Mac’s Chief Economist. "This is an indication that a thaw in buyer activity could be on the horizon.”

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: interest rates, mortgage rates

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/mortgage_rates_continue_to_inch_down/23188.

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