What’s Ahead For Mortgage Rates This Week: March 18th, 2013
Last week's positive employment reports were good news for the economy, which typically causes mortgage rates to rise, but mortgage rates ended the week lower. As of Thursday, Freddie Mac reports that the average mortgage rate for a 30-year fixed rate mortgage was 3.63 percent with borrowers paying their closing costs and 0.8 percent in discount points. The average mortgage rate for a 15 year loan was 2.79 percent with borrowers paying their own closing costs and 0.8 percent in discount points. Strong Retail Sales Show Consumer Confidence Improving In other economic news, retail sales for February surpassed Wall Street…