Rates Edge Higher But Remain Within Narrow Band

An article regarding Rates Edge Higher But Remain Within Narrow Band was written by Kathy Orton / The Washington Post on May 14, 2017. Here is an updated perspective on the current mortgage rates.

Excerpt of Rates Edge Higher But Remain Within Narrow Band

Mortgage rates wandered higher again this week after a brief slip but remain within a narrow band.

According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average ticked up to 4.05 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.02 percent a week ago and 3.57 percent a year ago. The 30-year average has hovered between 4.02 and 4.05 the past three weeks.

Read the full article at http://www.lowellsun.com/news/ci_30987933/rates-edge-higher-but-remain-within-narrow-band

For additional information on this topic, contact Peter Damore, Attorney at Law Offices of Peter T. Damore Jr. at 781-229-7900 or pdamore@ptdlaw.com.