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Mortgage Rates Flat, Predicted to Fall

Mortgage News > Mortgage Rates Flat, Predicted to Fall
Date: 04/09/2020    Mortgage Rates Flat, Predicted to Fall

Long-term mortgage interest rates were unchanged this week, but Freddie Mac is forecasting further declines. The average rate on a 30-year fixed-rate mortgage paused at 3.33% with an average 0.7 point during the week ended April 9, 2012, but it was down from 4.12% a year ago. Freddie Mac chief economist Sam Khater commented that 10-year Treasuries have declined more than a full percentage point but mortgage rates have only fallen by a third of a point. He predicted rates would continue to fall by year’s end as financial markets recover.

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