Mortgage rates have declined for the second consecutive week, reaching their lowest level in three months. The daily average mortgage rates dropped, with the average 30-year fixed-rate mortgage (FRM) falling to 6.95%, according to Freddie Mac. This decline follows a cooler-than-expected inflation report, with consumer prices easing on an annual basis in May. Inflation is moving towards the Federal Reserve's 2% target level, indicating a cooling economy. Chief Economist Sam Khater noted that mortgage rates continued to fall as incoming data suggests the economy is cooling to a more sustainable level of growth.
#Mortgage Rates Fall For Second Straight Week In Response to Positive Economic Data • Consumer prices eased on an annual basis in May. • Inflation continues to head towards the 2% target level set by the Federal Reserve.
Mortgage Rates Fall For Second Straight Week In Response to Positive Economic Data • Consumer prices eased on an annual basis in May. • Inflation continues to head towards the 2% target level set by the Federal Reserve. https://t.co/fJsRRQndb7
Mortgage rates ease for second straight week. I know it's not what we saw in the 1980s, but they're still high compared to five years ago https://t.co/eWXgv2tBVs #RealEstate #Homebuying#Homebuyers @marealtors @gbarealtors
The avg. 30yr FRM falls to 6.95% https://t.co/K9HBh1pgw5 Chief Economist @TheSamKhater: “Mortgage rates continued to fall back this week as incoming data suggests the economy is cooling to a more sustainable level of growth."
Mortgage rates ease for second straight week. I know it's not what we saw in the 1980s, but they're still high compared with five years ago https://t.co/AWhZSGEZnj #RealEstate #Homebuying#Homebuyers @marealtors @gbarealtors
(1/5) Mortgage rates are starting to decline a bit 📉 Here’s what you need to know👇 Daily average mortgage rates dropped to their lowest level in three months following yesterday’s cooler-than-expected inflation report. #realestate