Mortgage Rates Hold Steady Near Record Lows

From Fixed mortgage rates declined or remained the same throughout the Labor Day week, continuing to hover around all-time record lows amid mixed economic data.The Freddie Mac survey showed the 30-year FRM averaged 3.55% for the week ending Thursday, down from last week’s 3.59%%. Last year at this time, the 30-year FRM averaged 4.12%.

The 30-year FRM stands only six basis points above the record low average hit in July.