![]() The survey includes only borrowers who put 20% down and have excellent credit. ![]() The average mortgage rate is based on mortgage applications that Freddie Mac receives from thousands of lenders across the country. “Interested homebuyers are acclimating to the current rate environment, but the lack of inventory remains a primary obstacle to affordability.” “Spring is typically the busiest season for the residential housing market and, despite rates hovering in the mid-6% range, this year is no different,” he said. “This week, mortgage rates inched down slightly amid recent volatility in the banking sector and commentary from the Federal Reserve on its policy outlook,” said Sam Khater, Freddie Mac’s chief economist. A year ago, the 30-year fixed-rate was 5.27%. The 30-year fixed-rate mortgage averaged 6.39% in the week ending May 4, down from 6.43% the week before, according to data from Freddie Mac released Thursday. Mortgage rates ticked down this week, after climbing for two weeks in a row. ![]() ![]() The only thing consistent about mortgage rates right now is that they are volatile in the wake of mixed economic signals and recent bank failures. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |