Mortgage Rates Increase Slightly
Mortgage rates have stabilized over the last few weeks as the market searches for direction in the fog of economic data.
While financial markets initially rallied on the news of Federal Reserve support and are improving due to the Senate’s passage of a new small business stimulus, we continue to see a deep economic contraction amidst uncertainty about the recovery formation.
Primary Mortgage Market Survey®
U.S. weekly averages as of 04/23/2020
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the Definitions. Borrowers may still pay closing costs which are not included in the survey.
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