Rates Remain Basically Unchanged

Rates Remain Basically Unchanged

Mortgage rates once again remained basically the same over the last week, averaging 3.10%, Freddie Mac reported Thursday. Freddie’s Primary Mortgage Market Survey (PMMS) found that the 30-year fixed-rate mortgage (FRM) averaged 3.10%, sticking with a weeks-long pattern of hovering around 3.10% or 3.11%. A year ago at this time, the 30-year FRM averaged 2.71%….

Analysts Are Cautiously Optimistic Omicron Won’t Damage Housing Market

Analysts Are Cautiously Optimistic Omicron Won’t Damage Housing Market

Investors and economic analysts are closely monitoring Omicron, the Covid-19 variant taking the news cycle by storm, as the country enters the busy holiday season. The question on mortgage professionals’ minds is: how will Omicron affect the housing market? Analysts’ answers are mixed, but the overall trend is cautious optimism. “Right now, we are looking…

Freddie Mac: Little Change In Interest Rates

Freddie Mac: Little Change In Interest Rates

Mortgage rates remained basically the same over the last week, averaging 3.11%, Freddie Mac reported Thursday. Freddie’s Primary Mortgage Market Survey (PMMS) found that the 30-year fixed-rate mortgage (FRM) averaged 3.11%, up only a smidge from last week’s 3.10%. A year ago at this time, the 30-year FRM averaged 2.71% “Mortgage rates continue to remain…

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