Tag: stabilize

Mortgage rates stabilize prior to Friday’s jobs report

Mortgage rates remained stable this week as the personal consumption expenditures (PCE) inflation report matched economists’ expectations.  As a result, HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conventional loans at 7.17% on Tuesday, up from 7.16% one week earlier. At the same time one year ago, the 30-year fixed rate averaged [...]read moreMortgage rates stabilize prior to Friday’s jobs report