US Mortgage Rates Inch Lower in the Week Ending June 18
Mortgage Rates Creep Lower
Freddie Mac has released its Primary Mortgage Market Survey for the week ending Wednesday, June 18. The results were published a day early due to the Juneteenth holiday on Thursday.
The 30-year fixed-rate mortgage averaged 6.81%, down from last week when it averaged 6.84%. A year ago at this time, the 30-year rate averaged 6.87%.
The 15-year fixed-rate mortgage averaged 5.96%, down from last week when it averaged 5.97%. A year ago at this time, the 15-year rate averaged 6.13%.
Commenting on the results of this week’s survey, Freddie Mac Chief Economist Sam Khater said:
“Mortgage rates moved lower, with the average 30-year fixed rate reaching a four-week low. More available inventory to choose from, coupled with this week’s decline in mortgage rates, could be the spark to get potential homebuyers off the sidelines.”
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