Skip to main content

Mortgage Rates Increase Following Two Weeks Without Change

Navi Persaud
Feb 18, 2021
Digital photo of a house, the word mortgage, a hand and percentage symbols.

Freddie Mac's Primary Mortgage Market Survey reported the 30-year fixed-rate mortgage averaged 2.81%, the first bit of movement after two weeks of stagnant rates and the highest point since mid-November 2020.

"Economic spending has improved, due to the most recent stimulus, but supply chain shortages are causing downstream inflation, leading to higher mortgage rates. While there are multiple temporary factors driving up rates, the underlying economic fundamentals point to rates remaining in the low 3% range for the year," said Sam Khater, Freddie Mac’s chief economist.

Additionally, the 15-year fixed-rate mortgage averaged 2.21% for the week ending Feb. 18, 2021, up from its previous average of 2.19%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.77%, down from its previous average of 2.79%.

Freddie Mac Primary Mortgage Market Survey 02/18/2021
 
 
Published
Feb 18, 2021
Finance of America To Acquire Assets of AAG

The transaction is expected to close in the first half of 2023.

Industry News
Dec 07, 2022
Fairway Offers Down Payment Assistance To Some First-Time Buyers

The Fairway Community Access program is limited to specific majority-minority communities.

Industry News
Dec 07, 2022
RMF: Payments Going Out In The Next 24 Hours

Company filed for Chapter 11 bankruptcy last week.

Industry News
Dec 06, 2022
Bankruptcy Court Approves RMF Requests

Payments to reverse mortgage borrowers to resume.

Industry News
Dec 05, 2022
Redfin Adds Zoning Data For More Than 70M Homes

Real estate brokerage teamed with Zoneomics to educate buyers on zoning implications.

Industry News
Dec 05, 2022
Guild Mortgage Acquires Inlanta Mortgage

Guild CEO says acquisition is part of broader plans to expand nationwide.

Industry News
Dec 02, 2022