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2.73%: Mortgage Rates Remain Flat

by UrbanTurf Staff

Mortgage rates remained flat this week. 

On Thursday, Freddie Mac reported 2.73% as the average on a 30-year fixed rate mortgage, unchanged from last week. 

“Mortgage rates remained flat this week and near record lows, signifying an economy that continues to struggle,” Freddie Mac's Sam Khater said in a release. “This rate environment is advantageous for those who are looking to refinance in order to strengthen their financial position. While many have already refinanced, the evidence suggests that upper income homeowners have taken advantage of the opportunity more so than lower income homeowners who could stand to benefit the most by lowering their monthly mortgage payment.”

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, interest rates

This article originally published at http://dc.urbanturf.com/articles/blog/273-mortgage-rates-remain-flat/17845

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