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Mortgage Rates Slip Below 3% Again Amid Uncertainty

Friday, Oct 08 2021
Lending
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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.

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