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Mortgage Rates Fall for a Third Straight Week

Friday, Dec 02 2022
Lending
Written by  The Mortgage Leader

U.S. long-term mortgage rates have declined for a third consecutive week as inflation fears eased. So reports the Associated Press.

arrow down icon 157360 1280According to Freddie Mac, the 30-year fixed-rate mortgage was 6.49% for the week ending December 1, down nine basis points from the week before.

That’s down more than a half-point from a 20-year high reached less than a month before, but it’s still more than double the average rate of a year earlier: 3.11%.

Read the full article from the Associated Press. 

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