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Mortgage rates This week, low tick, hostage buyer Freddy Mac said on Thursday.
Freddy Mac’s latest primary mortgage market survey, released on Thursday, showed that average rate on benchmark 30-year fixed mortgage 6.75% reading last week fell to 6.74%.
The average rate on a 30 -year loan was 6.78% a year ago.
Last week, the mortgage rates decreased by 6.75%. (Which through Lambery / Bloomberg Getty Image / Getty Image)
“This week, the 30-year fixed-rate mortgage was compulsorily flat at 6.74%,” said the chief economist of Sam Khatar, Freddy Mac. “Overall, the background for the housing market is positive as the economy continues to perform well with solid employment and income growth.”
The average rate on the 15-year fixed mortgage fell to 5.87% by reading 5.92% last week. A year ago, the rate on the 15-year fixed note was 6.07%.
