Over the past week, there was hardly any change in fixed rates on residential loans. More of the same is likely during the upcoming week.
In Freddie Mac’s Primary Mortgage Market Survey for the week that ended on Feb. 2, thirty-year fixed rates averaged 4.19 percent.
Long-term rates were the same as in the previous week’s report. But the 30 year was higher than 3.72 percent in the same week last year.
Source: Mortgage Daily