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4.17: Mortgage Rates Hold Steady

  • February 9, 2017

by UrbanTurf Staff

4.17: Mortgage Rates Hold Steady: Figure 1

Long-term mortgage rates barely moved this week.

Freddie Mac reported 4.17 percent with an average 0.4 point as the average for a 30-year mortgage today, down two basis points from last week.

“Rates are at about the same level at which they started the year and have stayed within a two basis point range over the past three weeks,” Freddie Mac’s Sean Becketti said. “Mixed economic releases such as Friday’s jobs report and uncertainty about the Administration’s fiscal policies have contributed to the holding pattern in rates.”

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.

This article originally published at https://dc.urbanturf.com/articles/blog/4.17_mortgage_rates_hold_steady/12186

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