Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Mortgage rates dip below 7% By: FOX Business May 23, 2024 at 12:13 PM EDT The average rate for a 30-year fixed-rate mortgage dropped below 7% this week for the first time in over as month as affordability issues continue to weigh on the housing market. Mortgage rates declined for a third consecutive week, falling below 7% for the first time in over a month as a home affordability crisis maintains its grip on the housing market.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage dropped to 6.94% this week from 7.02% last week. The average rate on a 30-year loan was 6.57% a year ago.GET FOX BUSINESS ON THE GO BY CLICKING HEREThe average rate on the 15-year fixed mortgage also fell to 6.24% from 6.28% last week. One year ago, the rate on the 15-year fixed note averaged 5.97%. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Mortgage rates dip below 7% By: FOX Business May 23, 2024 at 12:13 PM EDT The average rate for a 30-year fixed-rate mortgage dropped below 7% this week for the first time in over as month as affordability issues continue to weigh on the housing market. Mortgage rates declined for a third consecutive week, falling below 7% for the first time in over a month as a home affordability crisis maintains its grip on the housing market.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage dropped to 6.94% this week from 7.02% last week. The average rate on a 30-year loan was 6.57% a year ago.GET FOX BUSINESS ON THE GO BY CLICKING HEREThe average rate on the 15-year fixed mortgage also fell to 6.24% from 6.28% last week. One year ago, the rate on the 15-year fixed note averaged 5.97%.