Mortgage rates fall again with largest weekly decline since mid-September

Mortgage rates fall again with largest weekly decline since mid-September
hand holding house real estate market purchase property selection by Jakub Żerdzicki is licensed under Unsplash unsplash.com

Freddie Mac said average rate on 30-year fixed mortgage fell to 6.63%.

Mortgage rates fell for a seventh consecutive week to the lowest level since December, mortgage buyer Freddie Mac said Thursday.

Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage decreased to 6.63% from last week's reading of 6.76%. The average rate on a 30-year loan was 6.88% a year ago.

The 30-year loan saw the largest weekly decline since mid-September, said Sam Khater, Freddie Mac's chief economist.

hand holding house real estate market purchase property selection by Jakub Żerdzicki is licensed under Unsplash unsplash.com

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