While off of year lows, mortgage rates are generally holding steady this past week. According to Freddie Mac the average 30-year fixed rate mortgage was 4.55% this past week with an average of 0.8 points, only up slightly over last week’s 4.52%. Meanwhile 15-year fixed rate mortgages stayed steady at 3.66% with an average 0.7 points. Several leading economists and some indicators point to a gradual increase in mortgage rates by the end up the year to approximately 5.25%, especially with the government’s quantitative easing program having finished.
