Mortgage Rates Show Minimal Movement

Mortgage rates showed minimal movement this week, marking the fourth week in a row of negligible change, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The 30-year fixed-rate mortgage averaged 4.16 percent with an 0.5 point, a one point increase from 4.15 percent the previous week.
“In a short week following Presidents Day, the 10-year Treasury yield fell about eight basis points; however, the 30-year mortgage rate rose one basis point t