News headline:.
On Thursday, Freddie Mac reported that mortgage rates have slightly decreased this week.
The latest survey from Freddie Mac, released on Thursday, showed that the average rate on a 30-year fixed mortgage has dipped to 6.64% from last week's 6.65%. The average rate on a 30-year loan was 6.82% a year ago.
'Over the past month, the 30-year fixed rate has stabilized, making only minor moves in either direction,' said Sam Khater, chief economist at Freddie Mac. 'This stability is due to confidence, and borrowers are responding to it with increased purchase demand, which is at the highest growth rate since the end of last year.'
IS THE U.S. HOUSING MARKET BECOMING AFFORDABLE FOR BUYERS?
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The average rate on a 15-year fixed mortgage has decreased to 5.82% from last week's 5.89%. A year ago, the rate on a 15-year fixed loan was 6.06%.
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