Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Long-term mortgage rates fell this week on news that retail sales plummeted in February, making inflation less of a concern, according to surveys conducted by Freddie Mac and Bankrate.com. In Freddie Mac's survey, the 30-year fixed-rate mortgage averaged 6.34 percent for the week ended today, down from last week's average of 6.37 percent. The average for the 15-year fixed loan is 5.98 percent, down from last week's average of 6 percent. Points on both the 30- and 15-year averaged 0.7. The five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 5.93 percent this week, with an average 0.7 point, down from last week when it averaged 6.03 percent. The one-year Treasury-indexed ARM averaged 5.37 percent, with an average 0.8 point, down from last week when it averaged 5.45 percent. ...