The average long-term U.S. mortgage rate fell slightly this week, welcome news for home shoppers facing rising prices and a stubbornly low inventory of properties on the market this spring homebuying season. The average rate on a 30-year mortgage slipped to 6.79% from 6.87% last week, mortgage buyer Freddie Mac said Thursday. A year ago it averaged 5.56%, Freddie Mac said.
(Bloomberg) -- Mortgage rates in the US declined, helping to ease affordability challenges for homebuyers.Most Read from BloombergLondon Insurers Face Baltimore Bridge Payouts Worth BillionsDubai Is Losing Its Allure for Wealthy RussiansUBS Banker’s Frustration Exposes Cracks in World of Climate FinanceTesla’s $25,000 Car Means Tossing Out the 100-Year-Old Assembly LineBiden Gains Ground Against Trump in Six Key States, Poll ShowsThe average for a 30-year, fixed loan was 6.79%, down from 6.87% l
Primary Mortgage Market Survey® U.S. weekly average mortgage rates as of 03/28/2024 MCLEAN, Va., March 28, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.79 percent. “Mortgage rates moved slightly lower this week, providing a bit more room in the budgets of some prospective homebuyers,” said Sam Khater, Freddie Mac’s Chief Economist. “We also are seeing encourag