Mortgage rates fall again, bolstering the case for lower rates ahead
The average rate on a 30-year, fixed-rate mortgage fell to 6.46% this week, according to Freddie Mac.
Mortgage rates slipped again this week, a positive move for potential house hunters.
The average rate on the 30-year fixed-rate mortgage fell to 6.46% from 6.49% last week, Freddie Mac reported on Thursday. A year ago, the average rate on a 30-year fixed-rate loan was 7.23%.
Separately, the average rate for the 15-year fixed mortgage was 5.62%, down from 5.66% a week prior. The rate on a 15-year loan was 6.55% a year ago.
“Although mortgage rates have stayed relatively flat over the past couple of weeks, softer incoming economic data suggest rates will gently slope downward through the end of the year,” Sam Khater, Freddie Mac’s chief economist, wrote in a statement.
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