Mortgage Rates Decrease Freddie Mac reports the average 30-year fixed mortgage rate dipped slightly to 6.81% this week, down from 6.83% last week and notably lower than 7.17% a year ago. The 15-year rate also fell to 5.94%. Their Chief Economist highlighted that recent rate stability (less than 0.20% fluctuation ...
Continue ReadingWhy Mortgage Rates Could Continue To Decline When you read about the housing market, you’ll probably come across some information about inflation or recent decisions made by the Federal Reserve (the Fed). But how do those two things impact you and your homebuying plans? Here’s what you need to know. The Federal Funds Rate Hikes ...
Continue ReadingFebruary 9, 2023 Freddie Mac Primary Mortgage Market Survey Following an interest rate hike from the Federal Reserve and a surprisingly strong jobs report, mortgage rates increased slightly this week. The 30-year fixed-rate continues to hover close to six percent, and interested homebuyers are easing their way back to the ...
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