US Mortgage Rates Move Lower in the Week Ending July 2
Original Source:
Mortgage Rates Decline
Mortgage Rates Decline
On Thursday, Freddie Mac released its Primary Mortgage Market Survey for the week ending Thursday, July 2.
The 30-year fixed-rate mortgage averaged 6.43%, down from 6.49% the previous week. A year ago at this time, the 30-year rate averaged 6.67%.
The 15-year fixed-rate mortgage averaged 5.79%, down from 5.84% last week. A year ago at this time, the 15-year rate averaged 5.80%.
Commenting on this week’s survey, Freddie Mac Chief Economist Sam Khater said:
“The 30-year fixed-rate mortgage eased slightly this week averaging 6.43%. With rates at a seven-week low and purchase demand continuing to edge higher, it’s an encouraging sign as prospective homebuyers respond to modest improvements in affordability.”
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