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Mortgage Rates Hold Steady, But Economists Predict Turbulence

U.S. long-term mortgage rates have had a flat week, but economic observers warn that volatility could be on the way. So reports MarketWatch.

Arrow up entrepreneur 1340649 640According to Freddie Mac, the average on the 30-year fixed-rate mortgage was 3.55% for the week ending Feb. 3, the same as the week before.

Danielle Hale, chief economist at Realtor.com wrote in a research report, “The apparent stability in weekly rates averages out some bigger day-to-day swings in both mortgage and other long-term rates, so home shoppers should be prepared for a bit less calm than the weekly data suggest.”

Read the full article from MarketWatch.

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