NYC, NY, United States (AHN) – The rate for the 30 year fixed mortgage rate remained near 4 percent for the third consecutive week, according to Freddie Mac’s weekly survey.
Mortgage rates in general were little changed.
The 30-year fixed rate mortgage rate averaged 4 percent or the week ending Nov. 17, up slightly from 3.99 from the previous week, and below the 4.39 percent recorded a year earlier.
Rates on the 15 year fixed rate mortgages averaged 3.31 percent, up from 3.3 percent a week ago, and below the 3.67 percent recorded a year ago.
While the ailing housing market is showing some signs of life, mortgage rates are expected to stay low for an extended period.
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