Mortgage Rates Remain Low Amid 'Struggling Economy'
Sam Khater | Photo credit: Freddie Mac The average 30-year fixed-rate mortgage remained unchanged this week at 2.73 percent, signifying “an economy that continues to struggle,” Freddie Mac Chief Economist Sam Khater said in a statement. “This rate environment is advantageous for those who are looking to refinance in order to strengthen their financial position,” Khater added. “While many have already refinanced, the evidence suggests that upper-income homeowners have taken advantage of the opportunity more so than lower-income homeowners who could stand to benefit the most by loweri...