Actual property reprieve continues as mortgage charges hold falling
Mortgage charges fell for a second week, in keeping with weekly information compiled by Freddie Mac.
The 30-year fixed-rate mortgage (FRM) averaged 6.42% as of Mar. 16, down from 6.6% recorded final week. One 12 months in the past, the 30-year FRM averaged 4.42%.
In the meantime, the 15-year fixed-rate mortgage averaged 5.68%, down from final week when it averaged 5.90%. On the identical time in 2022, the 15-year FRM averaged 3.63%.
“Mortgage charges continued to slip