Estimated reading time: 0 minutes, 33 seconds

Mortgage Rates Hold Mostly Steady Amid Omicron, Fed Worries

Friday, Dec 03 2021
Lending
Written by  The Mortgage Leader

Long-term mortgage rates have hovered nearly in place during a week when the first U.S. case of the Omicron variant was found and the Federal Reserve suggested that it would begin tightening credit sooner than previously indicated. So reports MarketWatch.

corona 4893276 640 small 585x336According to Freddie Mac, the 30-year, fixed rate mortgage averaged 3.11% in the week ending December 2, an increase of one basis point from the week before.

Freddie Mac chief economist Sam Khater said in a statement, “​​The consistency of rates in the face of changes in the economy is primarily due to the evolution of the pandemic, which lingers and continues to pose uncertainty.”

Read the full article from MarketWatch. 

Read 1489 times
Rate this item
(0 votes)
More in this category: « It’s Official: FHFA Confirms Loan Limit Boost to Almost $1M Zillow Faces Lawsuits After Shuttering iBuying Business »

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.
Ok Decline