Mortgage Rates Hold Steady This Week

The 30-year fixed-rate mortgage averaged 3.73%, unchanged from a week ago, Freddie Mac reports.
“The economy continued to pick up momentum with a solid increase in residential construction, improvement in industrial output in our nation’s factories and a rise in job openings,” said Sam Khater, Freddie Mac’s chief economist. “While the economy is in a sweet spot, improvements in housing market sales volumes will be modest heading into next year simply due to the lack of available inventory.”
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