Average rate on US 30-year fixed-rate mortgage was 4.28% in week ended Feb. 13, up from 4.23% in previous week; rate averaged 3.53% a year ago: Freddie Mac
Allison Oesterle
MCLEAN, Virginia
,
February 13, 2014
(press release)
–
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing averaged fixed mortgage rates largely unchanged following a week of light economic reports.
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.
Quotes
Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac.
"Mortgage rates were little changed amid a week of light economic reports. Of the few releases, the economy added 113,000 jobs [PDF] in January, which was below the market consensus forecast and followed a slight upward revision of 1,000 jobs in December. Meanwhile, the unemployment rate fell to 6.6 percent, which makes thirteen consecutive months without an increase."
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