Estimated reading time: 0 minutes, 27 seconds

Hazy Economic Outlook Leaves Mortgage Rates Adrift

Mortgage rates have held steady after a week when the spread of new COVID-19 variants and debate over federal pandemic relief efforts clouded the near-term economic picture. So reports Moneywise.

According to Freddie Mac, the average for a 30-year fixed rate mortgage was unchanged for the week ending February 4 at 2.73%. The average for a 15-year fixed rate loan edged higher by one basis point to 2.21%.

Zillow economist Matthew Speakman noted that “economic data and pandemic-related developments paint a conflicting picture of the economy’s path forward.”

Read the full article from Moneywise

Read 1682 times
Rate this item
(0 votes)

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.