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U.S. Mortgage Rates Remain Unchanged in Early October

October 09, 2018 / WPJ Staff

According to Freddie Mac's Primary Mortgage Market Survey for early October 2018, the 30-year fixed-rate mortgage in the U.S. dropped slightly for the first time after five weeks of increases. Sam Khater, Freddie Mac's chief economist, says, "Mortgage rates inched back a little in this week's survey, easing 1 basis point to 4.71 percent after hitting a seven-year high last week. There is upside risk to mortgage rates as the economy remains very robust and this is reflected in the very recent strength in the fixed income and equities markets."