The average rate remains just below 7%, little relief for prospective home shoppers looking ahead to the spring homebuying ...
The mortgage rate drop provides little relief for prospective shoppers looking ahead to the spring homebuying season.
The rate fell to 6.95% from 6.96% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.63%.
Mortgage rates actually increased and have remained a major hurdle for prospective home buyers. Car loans haven't downshifted much, and credit-card annual percentage rates, or APRs, have only crept ...
In September, rates plunged to a two-year low, falling as far as 5.89%. But over the following three-plus months, the average surged almost 1.25 percentage points—before recently easing lower.
The post New-Home Sales Rose in December in Defiance of Higher Mortgage Rates appeared first on Real Estate News & Insights | realtor.com®.
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