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The figure is essentially flat from last week, but home shoppers are still concerned about increases.
More borrowers are taking out adjustable-rate mortgages as interest rates reach the highest averages since 2009.
“While springtime is typically the busiest homebuying season, the upswing in rates has caused some volatility in demand,” says a Freddie Mac official.
A “lock-in” effect from ultra-low mortgage rates over recent years may prevent some homeowners from moving on.
Since the start of the year, about $400 has been added to the average monthly mortgage payment on a median-priced home.
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