Average US 30-year mortgage rate slips to 4.28 pct
WASHINGTON — Average U.S. rates on fixed mortgages fell after three weeks of rises, edging closer to historically low levels.
Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan declined to 4.28 percent from 4.37 percent last week. The average for the 15-year mortgage fell to 3.32 percent from 3.39 percent.
A report released Tuesday by real estate data provider CoreLogic showed that U.S. home prices rose 0.9 percent in January after three months of declines, as a tight supply of properties likely supported prices despite slower sales.
Economists believe such outsize price gains might not continue much longer, however.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- TECH 21 — Mississippi's most wanted in technology
- Officials set hunting dates for birds; expands dove season by 20 days
- Judge expected to rule today on McDaniel's challenge of loss to Cochran
- REVVING UP — Motorcars of Jackson is preparing to open its first-ever showroom on I-55
- Isle of Capri reports decreased in-state revenues; experiencing 'market pressures'
- Mississippi judge dismisses lawsuit seeking to overturn Sen. Cochran's GOP primary win
- Circuit clerks question how to get records to McDaniel's trial
- FLIPPING OUT — Flipping houses is popular in much of the country, but in Mississippi ...
- Chefs John Folse and Rick Tramonto are dotting every ‘i’ and crossing every ‘t’ in the development of Seafood R’evolution, which is set to open in November