Mortgage rates are holding steady as the economy continues to give mixed signals, according to the latest Freddie Mac weekly survey for the week ending September 9th…(Freddie Mac)
- 30-YR FIXED: Increased one basis point to 2.88% and was up two basis points when compared to the same time one year ago.
- 15-YR FIXED: Was up one basis point to 2.19% which is down 18 basis points when compared to the same time one year ago.
Sam Khater, Freddie Mac’s Chief Economist, said rates are holding steady despite economic indicators that would normally point to an increase in rates…
- “Consequently, mortgage rates dropped early this summer and have stayed steady despite increases in inflation caused by supply and demand imbalances. The net result for housing is that these low and stable rates allow consumers more time to find the homes they are looking to purchase.”