Mortgage rates fall for 3rd week in a row
Attention home buyers! Mortgage rates are coming down.
COLUMBIA, S.C. (WOLO)—Attention home buyers! Mortgage rates are coming down.
According to Freddie Mac, this week, the average 30-year fixed mortgage rate in the U.S. was 6.32%.
That’s a bit lower than last week’s average of 6.42%. It’s the third consecutive week rates have trended down.
Freddie Mac’s Chief Economist says it’s due to economic uncertainty.
But low inventory is still presenting challenges to many people looking for a new home.