Mortgage
Slight decrease in mortgage rates benefits a few potential homebuyers.
– Mortgage rates decreased slightly this week, with the average rate for a 30-year fixed-rate mortgage falling to 6.79% from 6.87% last week.
– A year ago at this time, the average rate for a 30-year mortgage was 6.32%.
– Chief economist for Freddie Mac, Sam Khater, stated that rates remain elevated near seven percent as markets watch for signs of cooling inflation.
– For the week ended March 28, the average rate for a 15-year fixed-rate mortgage was 6.11%, down from 6.21% last week but up from 5.56% a year ago.
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