Mortgage rates fell slightly for the week ending September 26th, according to the Freddie Mac weekly survey…(Freddie Mac)
- 30-YR FIXED: The average rate fell 2 basis points to 2.86% which is also down one basis point from the same time one year ago.
- 15-YR FIXED: The average rate fell 7 basis points to 2.12% which is also down 23 basis points from the same time one year ago.
Sam Khater, Freddie Mac’s Chief Economist, said in a statement that we appear to be in a holding pattern with rates…
- “It’s Groundhog Day for mortgage rates, as they have remained virtually flat for over two months. The holding pattern in rates reflects the markets’ view that the prospects for the economy have dimmed somewhat due to the rebound in new COVID cases,”