The latest report released today by the Federal Housing Finance Agency (FHFA) shows that conventional purchase mortgage rates decreased across the nation from February to March.

The FHFA Index rate was at 4.12% for purchase loans of previously occupied homes closed in late March, a decrease of 15 basis points from 4.27% from the previous month.

Rates for all mortgages was 4.12%, a drop of 13 basis points from 4.25% in February.

Conventional mortgage rates for the 30-year-fixed loans was 4.24%, down 17 basis points from 4.41 the previous month.

Rates in March for all home loans were 4.25%, a decrease of 13 basis points from 4.38% in February.

Loan amounts for all mortgages in March averaged $312,700, an increase of $11,100 from $301,600 the previous month.

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