By Hal M. Bundrick | NerdWallet
Mortgage rates edged slightly higher this week but remain well below 4% as the spring homebuying season hits prime time. And more good news: first-time homebuyers may find it easier to get approved for a home loan when a new automated underwriting system goes into effect in June.
Freddie Mac’s just-released weekly survey of lenders shows the following average rates for the most popular home loan terms: