While monthly interest rates on residential loans headed north, weekly rates held steady. But stock market volatility could have fixed rates falling in next week’s report.
Ellie Mae Inc. reported in its February 2018 Origination Insight Report that 30-year note rates on home loans that closed last month averaged 4.48 percent.
Rates jumped from January, when the average was 4.33 percent. A similar increase was recorded versus February 2017, when the average was 4.36 percent.
Source: Mortgage Daily