According to Freddie Mac, the 30-year fixed-rate mortgage averaged 3.55% in the week ending January 27, down only one basis point from the previous week.
At the same time in 2021, the benchmark rate stood at 2.73%.
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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.
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Mortgage Rates Drift at Highest Levels Since Pandemic
U.S. long-term mortgage rates have held basically steady, remaining at their highest levels since the pandemic hit in early 2020. So reports MarketWatch.
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