Mortgage rates fall for the first time since February — but don’t necessarily expect a long reprieve

Mortgage rates fall for the first time since February — but don’t necessarily expect a long reprieve
Jacob Passy
·3 min read

Following seven weeks of consecutive increases, benchmark mortgage rates have dipped. The 30-year fixed-rate mortgage averaged 3.13% for the week ending April 8, down five basis points from the previous week, Freddie Mac (FMCC) reported Thursday. The 15-year fixed-rate mortgage, meanwhile, fell three basis points to an average of 2.42%.