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4.16: Rates Bounce Back Up

by Shilpi Paul

4.16: Rates Bounce Back Up: Figure 1

Rates bounced back up this week.

On Thursday morning, Freddie Mac reported 4.16 percent with an average 0.8 point as the average on a 30-year fixed-rate mortgage.

Two weeks ago, rates dropped from 4.28 to 4.13 percent; last week, they continued their fall to 4.10.

From Freddie Mac vice president and chief economist Frank Nothaft on today’s rates:

Fixed mortgage rates rebounded slightly this week on more positive economic data releases.

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:

4.16: Rates Bounce Back Up: Figure 2

See other articles related to: mortgage rates

This article originally published at https://dc.urbanturf.com/articles/blog/4.16_rates_bounce_back_up/7794

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