Tag Archives: Freddie Mac mortgage rates back below 4%

The nation’s average 30-year fixed-rate mortgage rate dipped back below 4% on weaker housing economic indicators. The Freddie Mac survey showed the 30-year, FRM averaged 3.99% for the week ending Thursday, down from the prior week’s average of 4.08%. Last year at this time, the 30-year FRM averaged 4.86%. The decline in rates doesn’t do much to bolster Freddie Mac Chief Economist Frank Nothaft’s prediction on Wednesday. He said he expects the 30-year FRM to increase to 4.5% throughout the year, citing various economic indicators such as housing starts and […]