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Mortgage Rates Remain At Three-Month Lows

  • March 13th

by UrbanTurf Staff

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Long-term mortgage rates ticked up this, but remained at their lowest level since early December. 

On Thursday, Freddie Mac reported 6.65% as the average on a 30-year mortgage, up two basis points from last week, which isn't much movement, but enough to get some buyers off the sidelines. 

“Mortgage rates continue to be relatively low versus the last few months, and homebuyers have responded," said Sam Khater, Freddie Mac’s Chief Economist. "Purchase applications are up 5% as compared to a year ago. The combination of modestly lower mortgage rates and improving inventory is a positive sign for homebuyers in this critical spring homebuying 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/mortgage_rates_remain_at_three-month_lows/23288.

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