A year ago at this time, the 30-year fixed-rate mortgage averaged 5.27%.
The post Mortgage Rates Take a Drop appeared first on Weekly Real Estate News.
Mortgage Rates Take a Drop
Housing Wire
Rate lock volume is down by 68% despite drop in mortgage rates
Mortgage rates were on a declining trend in November despite the Federal Reserve‘s efforts to tame inflation — but lower rates haven’t been enough to convince home buyers to lock in their mortgages rates in […]
Housing Wire
High mortgage rates incentive for homeowners to stay put: ICE
Elevated mortgage rates are continuing to give homeowners a reason to stay at their current homes, according to the 2023 Borrower Insights Survey conducted by ICE Mortgage Technology. But while the inventory-lacking market has caused […]
Weely Real Estate News
Mortgage Rates Drop for Third Straight Week
Mortgage rates continued to decline for the third consecutive week in the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.44% as of Nov. 16, down from last […]