According to Freddie Mac, the 30-year fixed-rate mortgage averaged 2.97% in the week ending February 25, up 16 basis points from the prior week.
That compares with an average of 3.45% over the corresponding week in 2020.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
Estimated reading time: 0 minutes, 21 seconds
Mortgage Rates Climb But Linger Near Historic Lows
Mortgage rates have increased from historic lows, but not by much, as the coronavirus vaccine continues its rollout and the economy struggles to rebound from the global pandemic. So reports the Associated Press.
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