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Three Weeks In A Row: Mortgage Rates Fall Again

  • June 20th

by UrbanTurf Staff

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Mortgage rate chart_06-20-24.png

Long-term mortgage rates continue to fall. 

Freddie Mac reported 6.87% as the average on a 30-year mortgage on Thursday, down 8 basis points from last week. It is the third week in a row that long-term rates have dropped as inflation has cooled. 

“These lower mortgage rates coupled with the gradually improving housing supply bodes well for the housing market," said Sam Khater, Freddie Mac’s Chief Economist. "Aspiring homeowners should remember it’s important to shop around for the best mortgage rate as they can vary widely between lenders.”

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/three_weeks_in_a_row_mortgage_rates_fall_again/22447.

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