Mortgage Rates Keep Up Rebound as 30-Year Tops 3%

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, 19 seconds

Friday, Mar 05 2021

Written by Chris Frankie

U.S. long-term mortgage rates have reached a milestone in their rise from historic lows. So reports Reuters.

According to Freddie Mac, the 30-year fixed-rate mortgage averaged 3.02% in the week ending March 4, the highest since July.

Mortgage rates have been close to all-time lows for months, helping the housing sector recover to above where it was before the coronavirus hit.

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