Published 17 days ago • loading... • Updated 16 days ago

Average Mortgage Rate Sees Third Straight Weekly Decline

The average rate on a 30-year fixed mortgage decreased to 6.89% from 6.95%, marking the third consecutive weekly decline according to Freddie Mac's Primary Mortgage Market Survey.
The average rate on a 15-year fixed mortgage fell to 6.05% from 6.12% this week, while a year ago it averaged 5.9%.
Sam Khater, Freddie Mac's chief economist, noted that mortgage rates have been stable, suggesting that the economy remains on firm footing despite elevated rates.
The National Association of Realtors reported a 5.5% decline in pending home sales in December, indicating potential further declines in home sales.

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Yeshiva World News

Average US Rate On A 30-Year Mortgage Falls To 6.89%, Third Straight Weekly Decline

The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a smidgen of relief for prospective home shoppers getting into the market before the busy spring homebuying season starts. The average rate fell to 6.89% from 6.95% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.64%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a…

16 days ago

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Fox Business

Mortgage rates edge lower, remain near 7%

Mortgage rates moved slightly lower this week, but long-term rates remain elevated in the upper-6% range.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage edged down to 6.89% from last week's reading of 6.95%. The average rate on a 30-year loan was 6.64% a year ago."Mortgage rates have been stable over the last month and incoming data suggest the economy r…

16 days ago·United States

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Arkansas Business

Average Mortgage Rate Sees Third Straight Weekly Decline

Average US rate on a 30-year mortgage falls to 6.89%, third straight weekly decline

17 days ago·United States

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nerdwallet.com

Weekly Mortgage Rates Trickle Down; Refinances Are on the Rise

Mortgage interest rates have fallen to their lowest point since mid-December, and have remained under 7% for the third consecutive week. The average rate on a 30-year fixed-rate mortgage fell 11 basis points to 6.81% the week ending Feb. 6,…

16 days ago

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