mortgage rates
The average rate on a 30-year mortgage in the U.S. has eased to 6.69%, the lowest since late October, down from 6.81% last week, according to Freddie Mac. This marks a decrease from last year’s 7.03% average. Rates on 15-year fixed-rate mortgages also dipped, falling to 5.96% from 6.1%. Mortgage rates are influenced by factors […]
Currently, mortgage rates are around 6.9%, significantly reduced from the near 8% peak in late October, the highest in 23 years. Economists anticipate these rates to drop further later in the year, which could increase buyer competition due to more attractive financing options. However, this could also lead to higher home prices. Danielle Hale from […]
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