{"id":20014,"date":"2022-02-01T13:05:26","date_gmt":"2022-02-01T13:05:26","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=20014"},"modified":"2022-02-01T13:05:27","modified_gmt":"2022-02-01T13:05:27","slug":"mortgage-rates-level-out-after-rising-5-weeks","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/mortgage-rates-level-out-after-rising-5-weeks\/","title":{"rendered":"Mortgage Rates Level Out After Rising 5 Weeks"},"content":{"rendered":"\n

Mortgage rates held steady overall this week, a welcome relief to home shoppers who may have been watching them rise week after week since the beginning of the year.<\/p>\n\n\n\n

The 30-year fixed-rate mortgage averaged 3.55% this week, Freddie Mac reports.<\/p>\n\n\n\n

\u201cFollowing a month-long rise, mortgage rates effectively stayed flat this week,\u201d says Sam Khater, Freddie Mac\u2019s chief economist. \u201cRecent rate increases have yet to significantly impact purchase demand, as history demonstrates that potential home buyers who are on the fence will often enter the market at the state of rate increase cycles.\u201d<\/p>\n\n\n\n

Economists are predicting that mortgage rates will continue to gradually increase over this year. The National Association of REALTORS\u00ae predicts rates to average 3.9% by the end of this\u00a0year.<\/p>\n\n\n\n

Freddie Mac reports the following national averages with mortgage rates for the week ending Jan. 27:<\/p>\n\n\n\n