Reported 6 months ago
According to Freddie Mac, the 30-year fixed-rate mortgage has decreased below 7%, settling at 6.99%. This slight relief in rates could impact the housing market, with data showing that the rate is still high for many home buyers, affecting purchasing and refinancing applications. Affordability concerns are rising as average mortgage payments have increased nationally, leading to a decline in purchasing volume despite being in the typically busy spring buying season.
Source: YAHOO