Mortgage Rates Continue to Slide Down
MCLEAN, Va., Nov. 22, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.29 percent.
- MCLEAN, Va., Nov. 22, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.29 percent.
- “Mortgage rates continued to decrease heading into the Thanksgiving holiday,” said Sam Khater, Freddie Mac’s Chief Economist.
- “In recent weeks, rates have dropped by half a percent, but potential homebuyers continue to hold out for lower rates and more inventory.
- The 15-year FRM averaged 6.67 percent, down from last week when it averaged 6.76 percent.