Freddie Mac on Thursday states the mortgage rate average for a 30-year fixed-rate remains the same at 4.96%. The increase was from 4.95% compared to last period. Frank Nothaft, Freddie Mac chief economist stated, “Mortgage rates for fixed-rate mortgages were virtually unchanged this week as the effects of storms emerged in recent housing data. New construction slowed by 5.9% in February to 575,000 homes.”

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