That's 33 basis points over what they were last year at this time.
Tagged: Freddie Mac
Experts predict potential downward drift in mortgage rates, but many prospective buyers seek lower rates to enter the market.
Homebuyers find relief as 30-year fixed mortgage rates fall to 6.95%, with prospects of further decline in the New Year.
Decline in mortgage rates driven by economic signals, but lenders await further drops.
The GSE seeks to simplify loan originations.
Initiative aims to remove confusion and improve access for homebuyers seeking down payment assistance.
For the fifth straight week mortgage interest rates are down.
30-Year Mortgage Rates Drop to 7.29% as Mortgage Applications Rise by 3%
Decline leads to optimism about a stable rate environment and a potential rise in home sales in the upcoming year.
High household debt and rising costs of living keep housing market stagnant despite rate decline.