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Mortgage Rates Tick Down, Remain Near 6.6%

  • March 27th

by UrbanTurf Staff

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Long-term mortgage rates fell slightly this week, continuing the trend of incremental moves for rates in recent months. 

On Thursday, Freddie Mac reported 6.65% as the average on a 30-year mortgage, down two basis points from last week. Long-term rates have swung between 6.65 and 7% over the last few months. 

“Recent mortgage rate stability continues to benefit potential buyers this spring, as reflected in the uptick in purchase applications,” said Sam Khater, Freddie Mac’s Chief Economist. 

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_tick_down_remain_near_66/23338.

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