TWO - Mortgage rates remain flat: FMCC

30-year fixed-rated mortgage averages 2.87% for the week ending Oct. 8, 2020, down from 2.88% in the prior week and vs. 3.57% at this time a year ago, according to the Freddie Mac Primary Mortgage Market Survey."The year-long slide in mortgage rates seems to be ending as rates have flattened over the last month and the economic rebound has slowed," said Freddie Chief Economist Sam Khater."But with near record low rates, buyer demand remains robust with strong first-time buyers coming into the market. The demand is particularly strong in more affordable regions of the country such as the Midwest, where home prices are accelerating at the highest rates over the last two decades."15-year FRM averages 2.37% vs. 2.36% in the prior week and 3.05% a year ago.5-year Treasury-indexed hybrid adjustable rate mortgage averages 2.89%, slightly down from 2.90% in prior week and and 3.35% a year ago.Homebuilders rise, with the iShares U.S.

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Mortgage rates remain flat: FMCC