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Mortgage Rates Drop For Sixth Straight Week

  • December 22nd 2022

by UrbanTurf Staff

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Long-term mortgage rates dropped for the sixth straight week on Thursday. Freddie Mac reported 6.27% on a 30-year mortgage, down four basis points from last week. 

“Rates have declined significantly over the past six weeks, which is helpful for potential homebuyers, but new data indicates homeowners are hesitant to list their homes," a Freddie Mac press release stated. "Many of those homeowners are carefully weighing their options as more than two-thirds of current homeowners have a fixed mortgage rate of below four percent.”

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: interest rates, mortgage rates

This article originally published at https://dc.urbanturf.com/articles/blog/mortgage_rates_drop_for_sixth_straight_week/20448.

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