75°

Topics

Money and Monetary Policy
Freddie Mac: Mortgage rates level off, 30-year loans average 4.12%
Freddie Mac: Mortgage rates level off, 30-year loans average 4.12%

The cost of getting a mortgage has leveled off, with Freddie Mac saying lenders were offering 30-year fixed-rate home loans this week at an average interest rate of 4.12%. That rate is little changed from the average of 4.15% over the last 10 weeks. The survey, released Thursday, showed a statistically insignificant decline from the 4.13% average that Freddie Mac reported last week. Interest rates on other types of home loans also leveled off, with the 15-year fixed mortgage averaging 3.23%, down from 3.24% a week ago. The trend means that solid borrowers are snagging 30-year mortgages at 4.125%, or 4% if they pay lenders the 0.5% of the loan amount that Freddie Mac factors in....

Loading