Wednesday, May 15, 2024 | The Latest Buzz for the Appraisal Industry

Mortgage Rates Continued to Drop This Week

Mortgage rates continued to trend down this week, with the average rate for a 30-year falling to 2.78%, down 10 basis points from 2.88% last week, according to Freddie Mac’s Primary Mortgage Market Survey.

A year ago at this time, the average rate for a 30-year was 3.01%.

“Concerns about the Delta variant, and the overall trajectory of the pandemic, are undoubtedly affecting economic growth,” says Sam Khater, chief economist for Freddie Mac, in

This post was originally published on this site

Karen Connolly

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