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Mortgages

Freddie Mac: Mortgage rates little changed, 30-year fixed at 3.7%

Freddie Mac: Mortgage rates little changed, 30-year fixed at 3.7%

Home mortgage interest rates were little changed this week, with Freddie Mac's survey showing lenders offering conventional 30-year loans at an average of 3.7%, up from 3.69% last week. As the spring home buying season begins, rates are about where they started the year, said Len Keifer, deputy chief economist at Freddie Mac. The average for 15-year fixed-rate mortgages was 2.98%, up from 2.97% a week ago, and the start rates for adjustable home loans were unchanged. The survey asks lenders early each week about the terms they are offering to low-risk borrowers seeking mortgages of up to $417,000 that conform to the guidelines of Freddie Mac and Fannie Mae, the nation's major...

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