Even as interest rates tread water, the housing market could get a second wind

Even as interest rates tread water, the housing market could get a second wind
·2 min read

Mortgage rates continue to move within a very narrow band, as the housing market could be primed for another surge in interest from prospective home buyers. The 30-year fixed-rate mortgage averaged 2.86% for the week ending Sept. 16, down two basis points from the previous week, Freddie Mac (FMCC) reported Thursday. Mortgage rates are in line with their level from last year — a year ago, the 30-year loan averaged 2.87%.

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