Morning Minute: Mortgage rates remain steady this week, says Freddie Mac

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Mortgage rates held steady this week with the 30-year, fixed-rate mortgage averaging 4.02 percent, down slightly from 4.03 percent last week. The 15-year, fixed-rate mortgage remained the same at 3.27 percent, according to Freddie Mac.

Sean Becketti, chief economist for Freddie Mac said, “The 10-year Treasury yield remained relatively flat this week, as did the 30-year mortgage rate which fell 1 basis point to 4.02 percent. Markets have been erring on the side of caution following a weak advance estimate for first-quarter GDP and the FOMC’s broadly expected decision to leave rates unchanged.”

Read today’s full news release from Freddie Mac.

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