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30-Year Mortgage Rates Remain In Familiar Territory

  • 12:46 PM EDT

by UrbanTurf Staff

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Long-term mortgage rates remained in familiar territory this week. 

On Thursday, Freddie Mac reported 6.66% on 30-year rates, up 1 basis point from last week. Since late May, the 30-year fixed rate has remain wedged between 6.5% and 6.7%.

“The economy remains resilient, demonstrated by steady consumer spending and rising household incomes," Freddie Mac chief economist Sam Khater stated. "More homes coming on the market and slower price growth in many areas are giving buyers better options and helping create a more balanced housing market.”

The UrbanTurf Mortgage Rate Disclaimer: The rates reported by Freddie Mac for 30-year mortgages are usually the best rates that the most qualified borrowers can get, so borrowers or those considering refinancing should not necessarily read this news and think that they can go out and get a loan with the quoted interest rate.

See other articles related to: mortgage rates

This article originally published at https://dc.urbanturf.com/articles/blog/30-year_mortgage_rates_remain_in_familiar_territory/24940.

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