Mortgage rates drop to lowest level in over a year as buyers regain leverage

Mortgage rates drop to lowest level in over a year as buyers regain leverage
door key by Maria Ziegler is licensed under Unsplash unsplash.com

Mortgage rates dropped this week to their lowest level in more than a year, mortgage buyer Freddie Mac said Thursday.

Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage decreased to 6.19% from last week's reading of 6.27%. 

The average rate on a 30-year loan was 6.54% a year ago.



door key by Maria Ziegler is licensed under Unsplash unsplash.com

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