The Freddie Mac mortgage rate decreased this week to an APR of 3.89%, decreasing in APR by 1 basis point from last week. APR still remains higher than it was a year ago when it was at a level of 3.43% this time one year ago. Rates continue to remain near 2017 lows.
Attributed to Sean Becketti, chief economist, Freddie Mac.
“Following a mild decline last week, the 10-year Treasury yield rose 1 basis point this week. The 30-year mortgage rate similarly remained relatively flat, falling just 1 basis point to 3.89 percent. Mortgage rates are continuing to hold at low levels amidst ongoing economic uncertainty.”