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Fixed Mortgage Rates Tick Down

 

April 10 - Freddie Mac released the results of its Primary Mortgage Market Survey, showing average fixed mortgage rates moving down slightly as the spring homebuying season ramps up.

News Facts

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 links for the Regional and National Mortgage Rate Details and Definitions. Borrowers may still pay closing costs which are not included in the survey.

"Mortgage rates eased a bit following the decline in 10-year Treasury yields," said Frank Nothaft, vice president and chief economist, Freddie Mac. "Also, the economy added 192,000 jobs in March, which was below the market consensus forecast but followed an upward revision of 22,000 jobs in February. Meanwhile, the unemployment rate held steady at 6.7 percent."


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