Mortgage Rates Fell: Seventh Consecutive Weekly Decline Brings Rates Below 7%, Boosting Hope for Increased Housing Affordability
Freddie Mac, a leading mortgage giant, reported a seventh consecutive weekly decline, with the average interest rate on a new 30-year fixed mortgage dropping to 6.95% from the previous week’s 7.03%. Mortgage rates fell below 7%, marking the first instance since the summer, providing a glimmer of hope for prospective homebuyers looking for increased affordability … Read more