Tag Archives: mortgage rate

A Freddie Mac report detailed the first upward movement of mortgage rates in 2017. What does this mean for the industry?

Some of the effects of rising mortgage rates will likely linger throughout 2017, according to one analysis.

The FHFA index showed the effective interest rate on all mortgage loans was down 12 basis points in February from the month prior. The February rate was 3.92 percent down form the January rate of 4.04 percent. The effective interest rate accounts for the addition of initial fees and charges over the life of the mortgage.