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Mortgage rates not moving

Mortgage rates not moving
Jeff Clabaugh[1]
Broadcast/Web Reporter- Washington Business Journal
This email address is being protected from spambots. You need JavaScript enabled to view it.[2]  | Twitter[3]

Mortgage rates show no sign of moving much from the near-record lows they've held for the last year.

Freddie Mac's[4] weekly rate report puts the average rate on a 30-year fixed-rate mortgage at 3.52 percent in the week ending March 7, up from 3.51 percent last week. A 15-year fix averaged 2.76 percent this week, unchanged from last week.

A one-year adjustable rate mortgage averaged 2.63 percent this week, down from 2.64 percent.

The Mortgage Bankers Association[5] says mortgage applications rose 15 percent last week, from strong demand from both buyers and existing homeowners refinancing.

Jeff Clabaugh covers general assignment and provides business coverage for WTOP.

References

  1. ^ Jeff Clabaugh (feeds.bizjournals.com)
  2. ^ This email address is being protected from spambots. You need JavaScript enabled to view it. (feeds.bizjournals.com)
  3. ^ Twitter (twitter.com)
  4. ^ Freddie Mac's (www.bizjournals.com)
  5. ^ Mortgage Bankers Association (www.bizjournals.com)
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