Rates Remain Below 3%
Sun Staff Reports
Freddie Mac’s June 3 Primary Mortgage Market Survey showed that the 30-year fixed-rate mortgage rose 4 basis points from last week’s 2.95 % to 2.99 % The 15-year fixed-rate remained steady at 2.27%
Home prices continue to accelerate while inventory remains low and new home construction cannot happen fast enough, Freddie Mac stated in its report. For homeowners continued low rates make refinancing an option worth considering.