Mortgage rates were largely unchanged last week, ending a three-week winning streak that saw mortgage rates drift lower from a short-term high in March. Conforming mortgage rates rose slightly according to the weekly Freddie Mac Primary Mortgage Market Survey. Nationwide, the 30-year fixed rate mortgage rate climbed 2 basis points to 3.90%. This rate was available to homeowners willing to pay 0.8 discount points and a full set of closing costs (1 discount point is equal to 1% of the loan amount). Prior to last week’s survey, just 0.7 discount points were required. Continue reading →