\n<\/div><\/div>\n<\/div>\n<\/div>\n

By Kerry Smith<\/div><\/div>\n

The economy appears balanced if mortgage rates are an accurate reflection. This week\u2019s average 30-year, fixed-rate loan rose only slightly from last week\u2019s 2.87%.<\/span><\/span><\/p>\n<\/div>\n

MCLEAN, Va. \u2013 Freddie Mac\u2019s weekly mortgage rate survey found little movement. The 30-year fixed-rate mortgage (FRM) averaged 2.88%, virtually the same as last week\u2019s 2.87% \u2013 and for that matter, virtually the same as the 2.86% one year ago.<\/span><\/span><\/p>\n

\u201cWhile the economy continues to grow, it has lost momentum over the last two months due to the current wave of new COVID cases that has led to weaker employment, lower spending and declining consumer confidence,\u201d says Sam Khater, Freddie Mac\u2019s chief economist. <\/span><\/span><\/p>\n

\u201cConsequently, mortgage rates dropped early this summer and have stayed steady despite increases in inflation caused by supply and demand imbalances.\u201d<\/span><\/span><\/p>\n

Khater says the low-and-stable rates give buyers \u201cmore time to find the homes they are looking to purchase.\u201d<\/span><\/span><\/p>\n

Average mortgage rates on Sept. 9, 2021<\/span><\/span><\/h3>\n
\n
The 30-year fixed-rate mortgage averaged 2.88% with an average 0.7 point, up slightly from last week\u2019s average 2.87%. A year ago, the 30-year FRM averaged 2.86%.<\/span><\/span><\/li>\n
The 15-year fixed-rate mortgage averaged 2.19% with an average 0.6 point, up slightly from last week\u2019s 2.18%. A year ago, the 15-year FRM averaged 2.37%.<\/span><\/span><\/li>\n
The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.42% with an average 0.3 point, down slightly from last week\u2019s 2.43%. A year ago, the 5-year ARM averaged 3.11%.<\/span><\/span><\/li>\n<\/ul>\n
\u00a9 2021 Florida Realtors\u00ae<\/span><\/span><\/p>\n<\/div><\/div>\n
Go to Source<\/a>
\nAuthor: kerrys<\/p>\n","protected":false},"excerpt":{"rendered":"
By Kerry Smith The economy appears balanced if mortgage rates are an accurate reflection. This week\u2019s average 30-year, fixed-rate loan rose only slightly from last week\u2019s 2.87%. MCLEAN, Va. \u2013 Freddie Mac\u2019s weekly mortgage rate survey found little movement. The 30-year fixed-rate mortgage (FRM) averaged 2.88%, virtually the same as last week\u2019s 2.87% \u2013 and for that matter, virtually the same as the 2.86% one year ago. \u201cWhile the economy continues to grow, it has lost momentum over the last two months due to the current wave of new COVID cases that has led to weaker employment, lower spending and declining consumer confidence,\u201d says Sam Khater, Freddie Mac\u2019s chief economist. \u201cConsequently, mortgage rates dropped early this summer and have stayed steady despite increases in inflation caused by supply and demand imbalances.\u201d Khater says the low-and-stable rates give buyers \u201cmore time to find the homes they are looking to purchase.\u201d Average mortgage rates on Sept. 9, 2021 The 30-year fixed-rate mortgage averaged 2.88% with an average 0.7 point, up slightly from last week\u2019s average 2.87%. A year ago, the 30-year FRM averaged 2.86%. The 15-year fixed-rate mortgage averaged 2.19% with an average 0.6 point, up slightly from last week\u2019s 2.18%. A year ago, the 15-year FRM averaged 2.37%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.42% with an average 0.3 point, down slightly from last week\u2019s 2.43%. A year ago, the 5-year ARM averaged 3.11%. \u00a9 2021 Florida Realtors\u00ae Go to Source Author: kerrys<\/p>\n","protected":false},"author":4,"featured_media":5560,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts\/5559"}],"collection":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/comments?post=5559"}],"version-history":[{"count":0,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts\/5559\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/media\/5560"}],"wp:attachment":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/media?parent=5559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/categories?post=5559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/tags?post=5559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}