Mortgage Rates Hold Steady as Unemployment Falls reports that according to Freddie Mac’s Primary Mortgage Market Survey, the average 30-year fixed-mortgage rate (FMR) was up just one basis point to 4.88 percent for the week ending March 10.  Rates broke five percent for the first time this year one month ago. Fifteen year FRMs remained at 4.15 percent compared to a week ago.  One year ago the rate was 4.32 percent.  Freddie Mac Chief Economist Frank Nothaft said, “Mortgage rates held steady amid a strong employment report.  The private sector added 222,000 jobs in February, the most since March 2006 while the unemployment rate fell to 8.9 percent, the lowest share since April 2009.”

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