Estimated reading time: 0 minutes, 22 seconds

Mortgage Rates Fall for Fifth Straight Week

Sunday, Apr 16 2023
Lending
Written by  The Mortgage Leader

U.S. long-term mortgage rates have recorded their fifth consecutive weekly decline amid moderating inflation. So reports CNN.

arrow 98577 1280According to Freddie Mac, the average on the 30-year fixed-rate mortgage was 6.27% in the week ending April 13, compared with 6.28% the previous week and 5% a year earlier.

Freddie Mac economist Sam Khater cited “increased optimism among prospective homebuyers as the housing market hits its peak in the spring and summer.”

Read the full article from CNN.

Read 843 times
Rate this item
(0 votes)
More in this category: « Consumer Confidence About Housing Grows, Still Near Lows UWM Disputes Report of Hostile Culture »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline