Mortgage Rates Hover in Place

Average fixed mortgage rates remain largely unchanged ahead of this week’s employment report, according to Freddie Mac’s recently released Primary Mortgage Market Survey.
The 30-year fixed-rate mortgage (FRM) averaged 3.42 percent with an average 0.5 point for the week ending October 6, 2016, unchanged from last week. A year ago at this time, the 30-year FRM averaged 3.76 percent.
“The 10-year Treasury yield leaped to a two-week high following reports of the European Centr