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After trending upward to start 2021, mortgage rates have declined once again, following the Federal Reserve’s expected announcement that it would keep its benchmark rate near zero. So reports MoneyWise.
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According to Freddie Mac, the 30-year fixed-rate mortgage averaged 2.73% for the week ending January 28, down four basis points from a week earlier.
“The continued spread of the virus, the introduction of new, more virulent variants, and a thus-far sluggish rollout of the vaccine all injected fresh uncertainty into markets,” said Zillow economist Matthew Speakman, according to the publication.
