NEW YORK (CNNMoney.com) — Following a January surge in refinancing activities, mortgage rates rose this week in the lackluster housing market, but are likely to decline, Freddie Mac reported Thursday.
“Refinancing activities, which had surged to a 12-month high in January, according to Freddie Mac’s monthly refi-share report, are likely to ebb following this recent rise in rates,” said Frank Nothaft, Freddie Mac (FRE, Fortune 500) vice president and chief economist in a statement Thursday.
Nothaft noted that long-term fixed mortgage rates trended up for a third week, bringing 30-year and …
