Freddie Mac
Rates eased this week, but they will likely remain elevated throughout the spring months as the Fed waits to take action on interest rates.
The 30-year fixed-rate mortgage decreased again this week, with declines totaling almost a quarter of a percent in two weeks’ time. Despite the recent dip, mortgage rates remain high as the market contends with the pressure of sticky inflation. In this environment, there is a good possibility that rates will stay higher for a longer period of time.