After rising to start 2021, mortgage rates have inched back downward as the Biden administration promotes its $1.9 trillion COVID-19 relief plan. So reports MarketWatch.
According to Freddie Mac, the average for the 30-year fixed-rate mortgage 2.77% for the week ending January 21, versus 2.79% the prior week.
Zillow economist Matthew Speakman told MarketWatch that it seems “fears of an extended, more substantial spike in rates have diminished—at least for now.”
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