Mortgage rates were down this week after their steady upward move last month. The 30 Year Fixed Rate Mortgage was at 3.09% in today’s Freddie Mac survey and the 15 Year Fixed Rate Mortgage was at 2.35%. While still low by historical, rates may in the longer term rise because of inflation and the announced reduction in purchases of mortgage bonds by the Federal Reserve.
Freddie Mac’s Weekly Survey was released this morning with its most recent assessment of the mortgage rate landscape. See the details of their survey below.
(dynamic chart with current info)