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【World Property Journal】Mortgage Rates in U.S. Begin Uptick in Mid March

【World Property Journal】Mortgage Rates in U.S. Begin Uptick in Mid March

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According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage averaged 3.36 percent in early March 2020.

"As refinance applications continue to surge and lenders work to manage capacity, the 30-year fixed-rate mortgage ticked up from last week's all-time low," said Sam Khater, Freddie Mac's Chief Economist. "Mortgage rates remain at extraordinary levels and many homeowners are smartly weighing their options to refinance, potentially saving themselves money."

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