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Mortgage Rates Dip Back Below 4%
Mortgage rates dropped back below 4% this week.
Freddie Mac reported 3.96 percent with an average 0.6 point as the average for a 30-year mortgage today, a 7 basis point drop from last week.
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“Continued economic uncertainty and weak inflation data pushed rates lower this week,” Freddie Mac’s Sean Becketti said in a release. “The 10-year Treasury yield fell 5 basis points this week. The 30-year mortgage rate moved with Treasury yields, dropping 7 basis points to 3.96 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.
This article originally published at https://dc.urbanturf.com/articles/blog/mortgage_rates_dip_back_below_4/12816.
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