US Mortgage Rates Inch Higher in the Week Ending March 20
Original Source:
Little Movement in Mortgage Rates
Little Movement in Mortgage Rates
Freddie Mac has released its Primary Mortgage Market Survey for the week ending Thursday, March 20.
The 30-year fixed-rate mortgage averaged 6.67%, up from last week when it averaged 6.65%. A year ago at this time, the 30-year rate averaged 6.87%.
The 15-year fixed-rate mortgage averaged 5.83%, up from last week when it averaged 5.80%. A year ago at this time, the 15-year rate averaged 6.21%.
Commenting on the results of this week’s survey, Freddie Mac Chief Economist Sam Khater said:
“The 30-year fixed-rate mortgage has stayed under 7% for nine consecutive weeks, which is helpful for potential buyers and sellers alike.”
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