Federal Home Loan Mortgage Corporation (FMCKP)
- Associated Press Finance
Long-term mortgage rates ease for third straight week, dipping to just below 7%
The average rate on a 30-year mortgage dipped this week to just below 7% for the first time since mid April, a modest boost for home shoppers navigating a housing market dampened by rising prices and relatively few available properties. The rate fell to 6.94% from 7.02% last week, mortgage buyer Freddie Mac said Thursday. Higher mortgage rates can add hundreds of dollars a month in costs for borrowers, limiting homebuyers’ purchasing options.
- Barrons.com
Mortgage Rates Drop Below 7%. It May Not Last.
Mortgage rates are widely expected to decline when the Federal Reserve cuts rates—but the timing is uncertain.
- GlobeNewswire
Mortgage Rates Drop Below Seven Percent
Primary Mortgage Market Survey® U.S. weekly average mortgage rates as of 05/23/2024 MCLEAN, Va., May 23, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.94 percent. “Spring homebuyers received an unexpected windfall this week, as mortgage rates fell below the seven percent threshold for the first time in over a month,” said Sam Khater, Freddie Mac’s Chief Economi
