Mortgage Rates Decline for the First Time Since the Beginning of 2018

Primary Mortgage Market Survey.US Weekly Average Mortgage Rates During Period March 15, 2017-March 15, 2018
Primary Mortgage Market Survey.    US Weekly Average Mortgage Rates During Period March 15, 2017-March 15, 2018

 

I wrote a blog post two weeks ago that mortgages rates were going up every week in 2018. As of March 1st, 30-year fixed mortgage rate reached 4.43 percent.

The survey for the week of March 8th, 2018 said that fixed mortgage rate went up again to 4.46 percent.

Primary Mortgage Market Survey of week of March 15th, 2018 announced that U.S. weekly average 30-year fixed-rate mortgage dropped 2 basis points to 4.44 percent in this week’s survey, its first decrease this year.

So, for nine straight weeks of this year average mortgage rate went up to 4.46 percent. When finally for the week of March 15th,2018 survey rate dropped to the rate of 4.44 percent.

I really would like to see what this week survey will say.