{"id":18813,"date":"2021-05-03T11:46:29","date_gmt":"2021-05-03T11:46:29","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=18813"},"modified":"2021-05-03T11:46:29","modified_gmt":"2021-05-03T11:46:29","slug":"mortgage-rates-remain-under-3-for-another-week","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/mortgage-rates-remain-under-3-for-another-week\/","title":{"rendered":"Mortgage Rates Remain Under 3% for Another Week"},"content":{"rendered":"

Mortgage Rates Remain Under 3% for Another Week<\/h1>\n

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Home buyers had another opportunity to snag ultra-low rates this week. The 30-year fixed-rate mortgage averaged 2.98%, Freddie Mac reports.<\/p>\n

\u201cIn light of the rising COVID-19 caseloads globally, U.S. Treasury yields stopped moving up a month ago and have remained within a narrow range as the market digests incoming economic data,\u201d says Sam Khater, Freddie Mac\u2019s chief economist. \u201cThe good news is that with rates under 3%, refinancing continues to be attractive for many borrowers who financed before 2020. But for eager buyers, especially first-time home buyers, inventory continues to be extremely tight, and competition for available homes to purchase remains high.\u201d<\/p>\n

The National Association of REALTORS\u00ae estimates mortgage rates to average 3.2% by the end of the year.<\/p>\n

Freddie Mac reports the following national averages with mortgage rates for the week ending April 29:<\/p>\n