The 30-year fixed-rate mortgage averaged 6.69% as of June 15, down from last week when it averaged 6.71%.
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Mortgage Rates Down Again
Housing Wire
Housing starts rise on falling mortgage rates
Housing starts rose in November, significantly beating expectations. New construction rose to a seasonally adjusted annual rate of 1,560,000, according to the U.S. Department of Housing and Urban Development and U.S. Census Bureau data. It’s […]
Housing Wire
Why is housing inventory growing with higher mortgage rates?
The mortgage rate lockdown premise says that if rates rise, inventory can’t grow meaningfully. The idea is that nobody will trade their low mortgage rates to buy another home — even though this happened […]
Housing Wire
The case for mortgage rates to fall in 2023
On Thursday, the gross domestic product data for the third quarter showed the U.S. economy grew at a rate of 2.6%, breaking the negative GDP streak we had in the past two quarters. Does this […]