Mortgage Rates at 7 month low
Rates on 30-year mortgages edged down this week and reached a seven-month low.
Freddie Mac reported Thursday that 30-year, fixed-rate mortgages fell to 6.30 percent, down slightly from 6.31 percent last week. It put rates at the lowest level since they were at 6.24 percent the first week of March of this year
Mortgage Rates have been headed lower for more than two months as financial markets have become convinced that a slowing economy will help ease inflation pressures, and that will keep the Federal Reserve from raising interest rates further.
Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, averaged 5.98 percent last week, the same as the previous week.
Freddie Mac reported Thursday that 30-year, fixed-rate mortgages fell to 6.30 percent, down slightly from 6.31 percent last week. It put rates at the lowest level since they were at 6.24 percent the first week of March of this year
Mortgage Rates have been headed lower for more than two months as financial markets have become convinced that a slowing economy will help ease inflation pressures, and that will keep the Federal Reserve from raising interest rates further.
Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, averaged 5.98 percent last week, the same as the previous week.
<< Home