Rates Averaging Close To 7%
Mortgage rates aren’t going down as the spring homebuying season rapidly approaches. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.90%, up from the week prior’s 6.77%. A year ago at this time, the 30-year FRM averaged 6.50%. The 15-year fixed jumped to 6.29% from 6.12%. A year ago, it averaged…