Mortgage rates have fallen to a three-month low, with the average rate on a 30-year fixed mortgage dropping to 6.86% this week, according to Freddie Mac. This marks the lowest level since early April. The slight decrease from the previous week's 6.87% rate has been attributed to improved inflation figures in May. Freddie Mac's Chief Economist, Sam Khater, noted that the economy is in good shape by historical standards and expects rates to continue to decline over the summer, potentially bringing more homebuyers back into the market. The rate was recorded on June 27th.
Average rate on a 30-year mortgage eased this week to 6.86%, lowest level since early April https://t.co/i0e6u5dzoD
The avg. 30yr FRM falls to 6.86% https://t.co/K9HBh1pgw5 Chief Economist @TheSamKhater: "By historical standards, the economy is in good shape, and we expect rates to continue to come down over the summer months, bringing additional homebuyers back into the market.”
The Freddie Mac rate for a 30-year mortgage dropped 0.01 percentage points to 6.86% this week. May's improved inflation figures have provided some relief for mortgage rates, although the Fed seeks further evidence before considering a reduction in the Fed Funds rate. https://t.co/2kwvKrfpbJ
30y mortgage rate eased slightly last week to lowest since early April per @FreddieMac https://t.co/fcgssLBTLy
McLEAN, Va. (AP) — Freddie Mac says average rate on a 30-year mortgage fell to 6.86% this week, the lowest level since early April.
US 30-YEAR FIXED RATE MORTGAGES 6.86% JUNE 27TH WEEK VS 6.87% PRIOR WEEK, HOVERING AT LOWEST SINCE EARLY APRIL - FREDDIE MAC.
Mortgage rates fall to three-month low, luring home buyers back into the market https://t.co/wvI6KK1S9o