Mortgage rates fall in latest week. Economists say this could mark the start of a decline in rates in 2023.
The numbers: Mortgage rates fell for the second week in a row amid expectations of inflation slowing over the rest of the year.
The 30-year fixed-rate mortgage averaged 6.35% as of May 11, according to data released by Freddie Mac on Thursday. The average rate on the 15-year mortgage fell to 5.75% from 5.76% the previous week. The 15-year was at 4.48% a year ago. What Freddie Mac said: The drop in mortgage rates is a “welcome departure from the record increases of last year,” Sam Khater, chief economist at Freddie Mac, said in a statement.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Today’s mortgage rates for May 10, 2023Looking for the most up-to-date mortgage rates to empower your purchasing or refinancing decisions? We’ve got you covered
Lire la suite »
Today’s mortgage rates for May 11, 2023Looking for the most up-to-date mortgage rates to empower your purchasing or refinancing decisions? We’ve got you covered
Lire la suite »
Falling rates boost demand for mortgagesMortgage applications rose 6.3% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.48%.
Lire la suite »
More than 191,000 tech-sector employees have lost their jobs since the start of 2023LinkedIn is the latest tech company to announce layoffs.
Lire la suite »
Seven Eastern States Had Their Warmest-Ever Start to 2023An unusually warm April in parts of the U.S. could be the harbinger of a hot summer as weather patterns move toward an El Niño year
Lire la suite »