Freddy Mac, real estate buyer Freddy Mac on Thursday, said that the mortgage rates decreased in the seventh week in a row to the lowest level since December.
The Freddy Mac main mortgage market surveyed, which was released on Thursday, showed that the average fixed mortgage price for 30 years decreased to 6.63 % of last week’s reading by 6.76 %. The average loan price for 30 years was 6.88 % a year ago.
Sam Khatter, chief economist in Freddy Mac, said the 30 -year loan has witnessed the largest weekly decline since mid -September.
Mortgage rates drop to the lowest level in more than two months
“The decrease in prices increases the strength of the purchase of potential home buyers and should provide a strong incentive to achieve a step,” said Khoter. “In addition, this decrease in prices already provides some current homeowners an opportunity to re -financing. In fact, the share of re -financing from the mortgage requests that were issued this week reached nearly 44 %, the highest level since mid -December.”
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The average fixed mortgage rate for 15 years decreased to 5.79 % from 5.94 % last week. One year ago, the average fixed observation rate for 15 years reached 6.22 %.
The original article source: Mortgage rates decrease again with the largest weekly decline since mid -September
