Mortgage rates decline for third straight week
What is the current average rate for a 30-year fixed mortgage?
The current average rate for a 30-year fixed mortgage is 6.87%, according to Freddie Mac's latest Primary Mortgage Market Survey. This marks a decrease for the third consecutive week, with rates remaining in the high-6% range.
How much did the 30-year fixed mortgage rate decrease this week?
The 30-year fixed mortgage rate decreased to 6.87% this week from 6.95% last week, according to Freddie Mac's latest Primary Mortgage Market Survey. This marks the third straight week of decline, with rates remaining in the high-6% range.
How many consecutive weeks have mortgage rates declined?
Mortgage rates have declined for the third consecutive week, with the average 30-year fixed mortgage rate falling below 7% for the first time since February. This drop comes as a relief for homebuyers dealing with a challenging housing market. The decline in mortgage rates can be attributed to the Federal Reserve's recent decisions and a slight slowdown in inflation.