US Mortgage Rates Fall in the Week Ending April 16
Original Source:
Mortgage Rates Continue to Decline
Mortgage Rates Continue to Decline
On Thursday, Freddie Mac released its Primary Mortgage Market Survey for the week ending Thursday, April 16.
The 30-year fixed-rate mortgage averaged 6.30%, down from 6.37% the previous week. A year ago at this time, the 30-year rate averaged 6.83%.
The 15-year fixed-rate mortgage averaged 5.65%, down from 5.74% last week. A year ago at this time, the 15-year rate averaged 6.03%.
Commenting on this week’s survey, Freddie Mac Chief Economist Sam Khater said:
“Mortgage rates declined this week to a four-week low of 6.30%. Compared to one year ago when rates were at 6.83%, this is a meaningful improvement for homebuyers during what is typically the busy spring homebuying season.”
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