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U.S. mortgage rates hold form

U.S. mortgage rates hold form

U.S. mortgage rates were essentially unchanged this week, according to Freddie Mac.

The 30-year fixed mortgage averaged 4.42 percent for the week ending April 12, up slightly from 4.4 percent the previous week. A year ago, mortgage rates stood at 4.08 percent.

Low mortgage rates have helped drive U.S. home sales, along with the refinance market.

“Mortgage rates have been holding steady over the past two months,” said Len Kiefer, deputy chief economist at Freddie Mac. “The U.S. weekly average…

Source: http://feeds.bizjournals.com/industry_21

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