US Mortgage Rates Decline in the Week Ending October 22
Original Source:
Mortgage Rates Decrease to 7.32%
Mortgage Rates Decrease to 7.32%
On Thursday, Freddie Mac released its Primary Mortgage Market Survey for the week ending October 22.
The 30-year fixed-rate mortgage averaged 7.32%, down from 7.40% the previous week. A year ago at this time, the 30-year rate averaged 6.19%.
The 15-year fixed-rate mortgage averaged 6.68%, down from 6.71% last week. A year ago at this time, the 15-year rate averaged 5.44%.
Commenting on this week’s survey, Freddie Mac Chief Economist Sam Khater said:
“The average 30-year fixed-rate mortgage declined this week, offering some relief to prospective homebuyers.”
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