10 articles | last updated: May 17 15:26:57
Recent data shows a consistent drop in rates for 30-year and 15-year fixed mortgages, influenced by easing inflation and economic conditions.
- The average 30-year fixed mortgage rate fell to 6.83%, the lowest since March 29.
- 15-year fixed mortgage rates also decreased, now averaging 5.96%.
- Freddie Mac's weekly survey reports a 7.02% average for 30-year fixed rates, down from 7.09% last week.
- Economic factors, including lower inflation, are contributing to the recent decline in mortgage rates.
- The Federal Reserve has maintained its benchmark rate, impacting overall financial conditions.
People, Places and Things In This Story
- Freddie Mac Finance company
- Federal Reserve System Central bank
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