Mortgage rates rose slightly in the week ending 13th February, ending a run of 3 consecutive weeks in the red. In spite of the weekly rise, mortgage rates were at the lowest level since 26th October 2019, when 30-year rates had also stood at 3.47%. Historically, rates sat just 15 basis points above a historical low 3.32% back in November 2012, according to figures released by Freddie Mac. Compared to this time last year, 30-year fixed rates were down by 90 basis points. 30-year fixed rates were also down by 147 basis points since November 2018’s most recent peak of 4.94%.
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