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3.54: Mortgage Rates Wavering for Weeks

  • April 4, 2013

by Shilpi Paul

3.54: Mortgage Rates Wavering for Weeks: Figure 1

For the past few weeks, long-term mortgage rates have been wavering between 3.5 and 3.65 percent.

On Thursday, Freddie Mac reported 3.54 percent with an average 0.8 point as the average on a 30-year fixed-rate mortgage. This is a slight drop from last week’s average of 3.57 percent. The week before, rates sat at 3.54 percent, and three weeks ago they jumped up to 3.63 percent.

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.

Here’s a look at the path of rates since January 2010:

3.54: Mortgage Rates Wavering for Weeks: Figure 2

See other articles related to: mortgage rates, interest rates, freddie mac

This article originally published at http://dc.urbanturf.com/articles/blog/3.54_rates_wavering_for_weeks/6884

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