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The average 30-year mortgage rate was 6.89% this week through Wednesday, down from 6.95% a week earlier. Fifteen-year mortgage rates fell to 6.05%, from 6.12%, according to Freddie Mac data .
Indeed, while the 30-year average mortgage rate stands at 6.95%, to put this in context, it’s still high compared to the corresponding week in 2021-6.31%; the corresponding week in 2021-3.12% ...
The average rate for a 30-year mortgage loan rose to 6.69% from 6.60% a week prior. ... While rates are still hovering around mid-6% — significantly higher than the average in 2021 and 2022 ...
GOBankingRates explored what mortgage rates will look like next year amid slashed interest rates. What Will Mortgage Rates Look Like? According to NPR, “the latest data from Freddie Mac showed ...
The average 30-year fixed mortgage rate dipped back toward 7% this week, settling at 7.09%, according to Freddie Mac. This is the first time the weekly average rate has fallen in over a month.
Why mortgage rates are likely to drop The Federal Reserve raised its benchmark interest rate (the federal funds rate) several times in 2022 and 2023 in an effort to cool inflation.