Categories: Good To KnowPublished On: May 23rd, 2024

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Mortgage Rates Drop Below 7%

Calling it an “unexpected windfall” of both lower rates and increased inventory of new and existing homes, Freddie Mac’s data showed the 30-year fixed-rate mortgage (FRM) averaging 6.94% this week, down from 7.02% last week and marking its third-straight week of declines. The data is tracked weekly in Freddie Mac’s Primary Mortgage Market Survey® (PMMS®),…

The post Mortgage Rates Drop Below 7% appeared first on RISMedia.

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