Mortgage rates well below end-of-2015 level for spring home-buying season
Despite increasing for the second week in a row, mortgage interest rates are still well below levels seen at the end of last year. The 30-year fixed-rate mortgage averaged 3.68%, up from last week’s 3.64%. A year ago, the 30-year FRM averaged 3.86%. Mortgage rate remains 33 basis points lower than its end-of-2015 level.
(Source: Housing Wire)
By John Skinner
