Mortgage rates have held steady after a week when the spread of new COVID-19 variants and debate over federal pandemic relief efforts clouded the near-term economic picture. So reports Moneywise.
According to Freddie Mac, the average for a 30-year fixed rate mortgage was unchanged for the week ending February 4 at 2.73%. The average for a 15-year fixed rate loan edged higher by one basis point to 2.21%.
Zillow economist Matthew Speakman noted that “economic data and pandemic-related developments paint a conflicting picture of the economy’s path forward.”
Read the full article from Moneywise.
Source: themortgageleader.com