Nebraska Mortgage Rates | March 12 2021

Weekly Rate Update

Rates fluctuate everyday and are based on several factors. For an exact rate quote, submit your request HERE for a free evaluation.

PMMS 3/11/2021

Labor market optimism, continued vaccination roll-out and additional stimulus spending helped to push the average mortgage rate for a 30-year fixed loan up three basis points last week to 3.05%. This is the second consecutive week rates have been above 3% — a trend not seen since July of 2020.

“But even as rates rise modestly, the housing market remains healthy and on the cusp of spring home-buying season,” said Sam Khater, Freddie Mac’s chief economist.

MBA 3/10/2021

With spring approaching – signaling the start of a busy buying season – the purchase market sported its strongest showing in four weeks, with gains in both conventional and government applications, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting.

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