Freddie Mac reported that the weekly average rate for new mortgages, as of 26th December 2019 were up. A 30-year fixed rates increased by 1 basis point to 3.74%. However, the rate was down when compared to a year ago when they were at 4.55%. The average fee remained unchanged at 0.7 points. The 15-year fixed rates remain unchanged at 3.19%. Rates were down from 4.01% from a year ago.
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.
U.S Mortgage Rates Rise as Optimism Drives Yields