Mar 19
“Average mortgage rates were up for all loan products reported,” said
Frank Nothaft, Freddie Mac vice president and chief
economist. “However, for the first 11 weeks so far this year, the average
30-year fixed rate is still below 5.9 percent, and the average 30-year
rate in January was the lowest since July 2005.
“The combination of lower house prices and lower mortgage
rates contributed to a more affordable market for homebuyers.