Mortgage rates are continuing their upward motion while potential homebuyers and sellers face a shifting housing market and the affordable housing sector welcomes a well-known new participant.
The Home Loan Situation
Freddie Mac reported the 30-year fixed-rate mortgage average 4.72 percent for the week ending April 7, up from last week when it averaged 4.67 percent.The 15-year fixed-rate mortgage averaged 3.91 percent, up from last week when it averaged 3.83 percent. And the five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.56 percent, up from last week when it averaged 3.5 percent
