Estimated reading time: 0 minutes, 24 seconds

Mortgage Rates Slip Below 3% Again Amid Uncertainty

Friday, Oct 08 2021
Lending
Written by 

U.S. long-term mortgage rates have retreated after recent weekly gains, as the closely watched 30-year loan dipped back below 3%. So reports the Associated Press.

Freddie Mac 150x150According to Freddie Mac, the 30-year averaged 2.99% for the week ending October 7, down two basis points from the previous week.

Freddie Mac’s chief economist, Sam Khater, said in a statement, “​​Mortgage rates continue to hover at around three percent again this week due to rising economic and financial market uncertainties.”

Read the full article from Associated Press.

Read 1851 times
Rate this item
(0 votes)
More in this category: « Mortgage Demand Eases as Refinance Applications Tumble Rocket, UWM, PennyMac Lift Jumbo Loan Caps Before FHFA »

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