What are rates doing this week as we usher in the spring home-buying season?According to to Len Kiefer, deputy chief economist, Freddie Mac: “The average 30-year fixed mortgage rate fell to 3.78 percent this week following mixed housing data. Housing Starts dropped 17 percent to a seasonally adjusted pace of 897,000 units, below market expectations. However, housing permits increased 3 percent in February. As we head into spring, home builders remain positive about home sales in the near future although the NAHB Housing Market Index dropped another 2 points to 53 in March.”
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