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Mortgage Interest Rates Start To See Increases – Forbes
Just a blip? Or is this a sign of a change in direction for mortgage interest rates?
Interest rates changed direction this week by creeping back over 3%
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The story of the month was last week when mortgage interest rates dipped below 3% for the first time on recorda threshold many in the industry doubted would ever happen. The trend has reversed its courseslightlyin the past week with 30-year fixed rate loans landing at 3.01%, according to the weekly report from Freddie Mac.
The 15-year fixed rate loans are still comfortably below 3%, with an average rate of 2.54% for th…
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