U.S. mortgage rates hold steady near record low - cleveland.com

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A sold sign hangs in front of a house in Brighton, New York, on Saturday, December 26, 2020.AP

By Cleveland Business Journal

U.S. mortgage rates were unchanged this week and remain near their historic low, according to Freddie Mac.

The 30-year fixed mortgage rate averaged 2.73% for the week ending Feb. 4 — unchanged from last week. Three weeks ago, mortgage rates hit 2.65%, which was the lowest since tracking began in 1971. A year ago, mortgage rates stood at 3.45%.

Low mortgage rates help propel U.S. home sales and the refinance market.

Read the full story on cleveland.com’s sister site, Cleveland Business Journal.

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U.S. mortgage rates hold steady near record low - cleveland.com
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