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Mortgage Rates Up Slightly

Mortgage News > Mortgage Rates Up Slightly
Date: 02/18/2020    Mortgage Rates Up Slightly

Long-term mortgage interest rates rose in the latest week, after declining for the past three straight weeks. According to Freddie Mac, the average rate on a 30-year fixed-rate mortgage rose to 3.47% with an average 0.7 point, up from 3.45% the week before. One year ago, the average rate was almost a percentage point higher at 4.37%. Economists say the increase came in response to reports from China that the Corona virus situation was improving.

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