The average 30-year rate for conforming loans has remained steady at 7.11% as of Tuesday, with no change from the previous week. This stability in rates indicates a sense of predictability within the mortgage industry, allowing borrowers and lenders to make informed decisions. However, there is a sense of caution as all eyes are on the Federal Reserve amidst signs of a weakening job market.
– Average 30-year rate for conforming loans is 7.11%
– Rate has remained unchanged from the previous week
– Indicates stability and predictability in the mortgage industry
– Attention is focused on the Federal Reserve
– Signs of a weakening job market are emerging, causing concern in the industry.
You can read this full article at: https://www.housingwire.com/articles/mortgage-rates-hold-steady-despite-softer-labor-market/(subscription required)
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.
