Rates still at record lows
The average rate for 30-year fixed mortgages remained at its all-time low of 3.87 percent for the week ended Feb. 16 and now has held steady at that level since the first week of the month, says Freddie Mac. The 15-year fixed mortgage also was unchanged, matching the prior week's average of 3.16 percent. Freddie Mac chief economist Frank Nothaft said fixed mortgage rates were flat this past eek amid mixed consumer sentiment data.
[SOURCES: Freddie Mac; Information, Inc.]