Ahead of the Federal Reserve Board’s announcement, mortgage rates turned sharply higher. But a decline could be in the offing.
New residential loans that were closed during the month of February 2017 had an average 30-year note rate of 4.36 percent.
The average rate moved higher from 4.31 percent the previous month. It was also increased from 4.22 percent a year previous.
Source: Mortgage Daily
