“Mortgage rates slid down again this week but remain elevated compared to this time last year,” said Chief Economist Sam Khater,
The post Mortgage Rates Drop Again appeared first on Weekly Real Estate News.
Mortgage Rates Drop Again
Weely Real Estate News
Mortgage Rates Down Slightly, Though Still Elevated
Mortgage rates registered a decline in the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.02% as of May 16, down from last week when it averaged 7.09%. […]
Mortage News
Could 7% Mortgage Rates Finally Sink Home Prices?
KEY TAKEAWAYS The average rate on a 30-year mortgage has risen to a 21-year high, putting more pressure on homebuyers. Home prices have stayed resilient even amid higher mortgage rates because the low number of […]
Housing Wire
6% mortgage rates are back (for select borrowers)
After hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. Some borrowers are even getting quoted in the 6% range. A top-tier borrower with a […]