Mortgage rates were basically flat this week, with the average rate for a 30-year fixed-rate mortgage at 3.18%, up slightly from 3.17% last week, according to Freddie Mac’s Primary Mortgage Market Survey.
A year ago, the average rate for a 30-year was 3.33%.
“Although mortgage rates remain low, we are beginning to see a pullback by those looking to enter the housing market,” says Sam Khater, chief economist for Freddie Mac, in a statement.
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