Mortgage Rates On 30-Year Home Loans Witness Biggest Weekly Drop In A Year, Says Freddie Mac
Synopsis
Freddie Mac reported that the 30-year fixed-rate mortgage decreased to 6.35% as of Thursday, down from 6.5% the previous week.
U.S. mortgage rates have fallen to their lowest levels in nearly a year, according to Freddie Mac, with buyers seeking to capitalize on the decline.
Freddie Mac noted that the 30-year fixed-rate mortgage (FRM) fell to 6.35% as of Thursday, down from 6.5% the previous week, marking the largest weekly decline in the past year.
A year ago, the 30-year FRM averaged 6.2%, according to the government-sponsored enterprise.
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