Reported 1 day ago
Mortgage rates have slightly decreased for the fifth consecutive week, averaging 6.85% for a 30-year fixed mortgage, while the 15-year rate fell to 6.04%. Despite recent inflation data and fluctuations in financial markets, prospective homebuyers are hesitant, leading to a 6% drop in applications for home purchases. Experts suggest that the stability of rates below 7% may encourage activity in the upcoming spring home-buying season.
Source: YAHOO