Mortgage rates’ upward trajectory was halted by developments in Ukraine.
According to the latest data, released Thursday by Freddie Mac, the 30-year fixed-rate average fell to 3.89% with an average 0.8 point. (A point is a fee paid to a lender equal to 1% of the loan amount. It is in addition to the interest rate.) It was 3.92% a week ago and 2.97% a year ago.