Despite a stronger-than-expected jobs report, mortgage rates held steady last week, according to industry experts at HousingWire. The average 30-year fixed rate for conventional loans remained unchanged at 7.16%, in line with rates from the previous week. This stability in rates is notable, as one year ago the 30-year fixed rate was significantly lower at 6.46%.
Key points from the text include:
– Mortgage rates stayed the same last week
– The average 30-year fixed rate for conventional loans was 7.16%
– This rate remained unchanged from the previous week
– One year ago, the average rate for a 30-year fixed loan was 6.46%
You can read this full article at: https://www.housingwire.com/articles/mortgage-rates-change-little-ahead-of-big-inflation-report/(subscription required)
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