The 30-year fixed-rate mortgage came off its recent all-time lows to average near 3% this week.
Rates continue to remain near historic lows, said Sam Khater, Freddie Mac’s chief economist. The all-time low for the 30-year fixed-rate mortgage was set in January, averaging 2.65%.
Freddie Mac reports the following national averages with mortgage rates for the week ending Feb. 25:
*30-year fixed-rate mortgages: averaged 2.97%, with an average 0.6 point, up from last week’s 2.81% average. Last year at this time, 30-year rates averaged 3.45%.