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HomeBusinessMortgage rates tick less for third straight week

Mortgage rates tick less for third straight week


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 the average rate on benchmark 30-year fixed mortgage was slightly 6.62% from reading 6.64% last week. The average rate on a 30 -year loan was 6.88% a year ago.

“The average 30-year-old-fixed mortgage hostage is less than 7% for the twelfth consecutive week,” said Freddy Mac Chief Economist Sam Khatar. “As the purchase applications continue to climb, spring Homebuying season Giving shape to look more favorable than last year. ,

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The average rate on the 15-year fixed mortgage fell to 5.82%, unchanged from last week. A year ago, at the rate 15-year fixed note Average 6.16%.

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