Long-term mortgage rates remained relatively flat this week.
Freddie Mac reported 3.11 percent with an average 0.6 point on Thursday, up just one basis point compared to last week.
“The consistency of rates in the face of changes in the economy is primarily due to the evolution of the pandemic, which lingers and continues to pose uncertainty," Freddie Mac's Sam Khater said. "This low mortgage rate environment offers favorable conditions for refinancing.”
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 http://dc.urbanturf.com/articles/blog/long-term-mortgage-rates-remain-flat/19009
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