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Mortgage Rates Inch Down

  • June 5th

by UrbanTurf Staff

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Mortgage rate chart_06-05-25.png

Mortgage rates fell slightly this week, remaining below 7% for the third month in a row.

Today, Freddie Mac reported 6.85% as the average on a 30-year mortgage, down four basis points from last week. 

"The average mortgage rate decreased this week, which is welcome news to potential homebuyers who also are seeing inventory improve and house price growth slow,” said Sam Khater, Freddie Mac’s Chief Economist.

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.

This article originally published at https://dc.urbanturf.com/articles/blog/mortgage_rates_inch_down/23575.

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