Thursday, March 28, 2024 | The Latest Buzz for the Appraisal Industry

Mortgage Rates Fell For Third Straight Week

Mortgage rates decreased for a third straight week, with the average rate for a 30-year, fixed-rate mortgage dropping to 2.88%, down from 2.90% last week, according to Freddie Mac’s Primary Mortgage Market Survey.

A year ago at this time the average rate for a 30-year was 2.98%.

“The summer swoon in mortgage rates continues as the 30-year fixed-rate mortgage fell for the third consecutive week,” says Sam Khater, chief economist for Freddie Mac, in

This post was originally published on this site

Brent Bowen

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