The average US long-term mortgage rate slips a little (Oct. 7)
Last week, rates surged above 3 percent for the first time since June. Continue reading, and search the latest listings, at realestate.boston.com.
Mortgage rates are back below 3 percent.
The average for 30-year loans fell to 2.99 percent, down from 3.01 percent last week, Freddie Mac said in a statement Thursday.
Mortgage rates continue to hover at around 3 percent again this week due to rising economic and financial market uncertainties,” said Sam Khater, chief economist at Freddie Mac.
Cheaper borrowing costs have fueled the pandemic housing rally. Last week, rates surged above 3 percent for the first time since June.
The record low for 30-year loans came in January at 2.65 percent.
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