Mortgage rate drops to 6.67%: Freddie Mac
Resiclub co-founder and editor-in-chief Lance Lambert is working on mounts of concerns about the housing market regarding “making money.”
Mortgage fees It has fallen to its lowest level since mid-April for the fifth consecutive year, mortgage buyer Freddie Mac said Thursday.
Freddie Mac’s latest primary mortgage market research released on Thursday shows that the average benchmark rate is 30-year fixed home loan It fell to 6.67% from 6.77% reading last week.
The average rate for a 30-year loan was 6.95% a year ago.
The average rate for a 30-year loan was 6.95% a year ago. (Photographer: Getty Images/Lauren Elliott via Getty Images/Bloomberg)
“This is the biggest weekly decline since early March,” said Sam Carter, chief economist at Freddie Mac. “The decline in mortgage rates is encouraging and the overall affordability challenge remains, but more sellers are entering the market, giving benefits to future buyers.”
According to Realtor.com, these states were housing market MVPS
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The average rate for fixed mortgages for 2015 fell to 5.8% from reading last week at 5.89%. A year ago, the 15-year fixed note rate averaged 6.25%.