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Mortgage charges ticked decrease this week, mortgage purchaser Freddie Mac mentioned Thursday.
Freddie Mac’s newest Major Mortgage Market Survey, launched Thursday, confirmed that the common price on the benchmark 30-year fastened mortgage fell to six.74% from final week’s studying of 6.75%.
The common price on a 30-year mortgage was 6.78% a 12 months in the past.
Mortgage charges ticked down from 6.75% final week. (Joe Lamberti/Bloomberg by way of Getty Photos / Getty Photos)
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“This week, the 30-year fixed-rate mortgage essentially remained flat at 6.74%,” mentioned Sam Khater, Freddie Mac’s Chief Economist. “Overall, the backdrop for the housing market is positive as the economy continues to perform well with solid employment and income growth.”
The common price on the 15-year fastened mortgage fell to five.87% from final week’s studying of 5.92%. One 12 months in the past, the speed on the 15-year fastened word averaged 6.07%.
