The 30-year fixed-rate mortgage positioned itself back below 4 percent this week as economic indicators point to a weaker housing market and economy, according to Freddie Mac’s Primary Mortgage Market Survey.
“The S&P/Case Shiller 20-City Composite home price index slid in January to its lowest reading since December 2002,” said Frank Nothaft, VP and chief economist for Freddie Mac. “In addition,...
The 30-year fixed-rate mortgage positioned itself back below 4 percent this week as economic indicators point to a weaker housing market and economy, according to Freddie Mac’s Primary Mortgage Market Survey.
“The S&P/Case Shiller 20-City Composite home price index slid in January to its lowest reading since December 2002,” said Frank Nothaft, VP and chief economist for Freddie Mac. “In addition,...