Mortgage Rates Continue Holding Pattern
Freddie Mac’s most recent Primary Mortgage Market Survey shows average mortgage rates slightly falling for the second consecutive week. “For the last 46 years, the 30-year mortgage rate has been almost perfectly correlated with the yield on the 10-year Treasury, but not this year,” says Sean Becketti, Freddie Mac’s chief economist. “From Dec. 29, 2016, through today, the 30-year mortgage