Mortgage Rates Drop For The First Time In 3 Weeks
Nasdaq 2023-06-08 17:27:28 • 1 min
(RTTNews) - Mortgage rates, or interest rates on home loans, declined this week after gaining for three consecutive weeks, according to mortgage provider Freddie Mac (FMCC.OB).
Releasing the results of its primary mortgage market survey, Freddie Mac said that the 30-year fixed-rate mortgage averaged 6.71 percent as of June 8, 2023, down from last week when it averaged 6.79 percent. A year ago at this time, the 30-year FRM averaged 5.23 percent.
The 15-year fixed-rate mortgage averaged 6.07 percent, down from last week when it averaged 6.18 percent. A year ago at this time, the 15-year FRM averaged 4.38 percent.
