Mortgage Rates Dip in March

Mortgage rates decreased on a monthly basis, according to information complied by Freddie Mac. As of March 27th, the 30-year FRM – Commitment rate, had declined by two basis points to 3.45% from 3.47% at the end of February. The cycle peak of 4.87% was achieved in November of 2018. The National Association of Home Builders expect the mortgage rates to decline further to near 3% as bond market rates decline due to the coronavirus fears. As a point of comparison, at the beginning of 2019, the average 30-Year Fixed market rate was 4.51%.


FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.