Rates Steady for Second Week in Row: Moneyfacts Rate Watch – Mortgage Strategy

Average rate on 30-year US mortgage falls; borrowing costs still elevated

The average rate on a 30-year mortgage has remained relatively close to its high so far this year of just above 7%, set in mid-January.

Average rates on hold for second week: Moneyfacts Rate Watch – Mortgage Finance Gazette

There was no change in average two and five-year fixed rates for the second consecutive week, according to the latest rate watch data from Moneyfacts. Two-year fixed rates remained at 5.13% and five-year fixes at 5.1% Even within different loan-to-value tiers there was very little… The post Average rates on hold for second week: Moneyfacts Rate Watch appeared first on Mortgage Finance Gazette.

Rates steady for second week in row: Moneyfacts Rate Watch – Mortgage Strategy

There was no change in average two and five-year fixed rates for the second consecutive week, according to the latest rate watch data from Moneyfacts. Two-year fixed rates remained at 5.13% and five-year fixes at 5.1% Even within different loan-to-value tiers there was very little movement, with averages increasing