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Mortgage Rates Drop for Third Straight Week

Friday, Mar 31 2023
Lending
Written by  The Mortgage Leader

U.S. long-term mortgage rates have seen a third consecutive weekly decline as markets adjusted to the impact of bank turmoil on the Federal Reserve’s inflation-fighting efforts. So reports CNN.

arrow down icon 157360 1280According to Freddie Mac, the average on the 30-year-fixed rate was 6.32% in the week ending March 30, versus 6.42% the previous week and 4.67% a year earlier.

Freddie Mac economist Sam Khater said in a news statement, “Economic uncertainty continues to bring mortgage rates down.”

Read the full article from CNN. 

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