Mortgage rates remain steady

Mortgage rates inched up slightly this week, with the average 30-year fixed-rate at 5.72 percent, compared to 5.68 percent last week, according to Freddie Mac’s Primary Mortgage Market Survey.

“Shrugging off statements by the Fed last week, mortgage rates remained relatively more stable than bond market yields,” said Amy Crews Cutts, Freddie Mac’s deputy chief economist. “Without a key indicator that would move it one way or another, the financial market is in something of a state of limbo.”

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