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30 Year Mortgage Rate: Freddie Mac
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"The 30-year mortgage rate in February was uncommonly low and the weather tame across much of the country. That combination pushed housing starts in February to a 21-year high," said Amy Crews Cutts, Freddie Mac deputy chief economist. "But we will probably see some moderation in the housing sector as mortgage rates slowly rise in coming months."
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"Although mortgage rates ticked up this week, the 30-year mortgage rate –apart from a brief two-week stint in March – has stayed below six percent all year. As a result the housing industry is likely headed for another record-breaking year," said Frank Nothaft, Freddie Mac vice president and chief economist. "For example, the Mortgage Bankers Association survey for last week showed that applications for home purchases were just shy of the all-time record set in May.
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Mortgage company Freddie Mac, in its weekly nationwide survey released Thursday, reported that rates on 30-year, fixed-rate mortgages rose to 6.23 percent for the week ending Feb. 2. That was up from 6.12 percent last week and was the highest rate since the week ending Dec. 22.
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Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.17 percent this week. That was up from 6.14 percent last week and was the highest since the week of Nov. 21, when 30-year rates stood at 6.20 percent.
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Freddie Mac, the mortgage company, reported Wednesday, that 30-year, fixed-rate mortgages averaged 6.20%. That was down from 6.24% last week and was the lowest rate since the week ending May 10, when rates stood at 6.15%.
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Freddie Mac, the mortgage company, reported Thursday that 30-year fixed rate mortgages averaged 6.03 percent for the week ending March 6. That was down from last week's 6.24 percent, which had been the highest in more than three months.
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