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Mortgage rates remain stable


The key mortgage rate remained basically unchanged over the week, Freddie Mac reported.

Through Wednesday, the 30-year fixed rate averaged 3.93 percent, up one basis points from the prior week. A year ago, the 30-year rate stood at 3.43 percent. Other key rates moved down marginally.

"The 10-year Treasury yield was relatively flat this week,” said Sean Becketti, the chief economist for Freddie Mac. “Despite a strong advance estimate for second quarter GDP [gross domestic product], markets are erring on the side of caution."


 

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