Mortgage rates drop below 5% for the first time since April

Mortgage rates fell to their lowest level since April, providing respite for potential buyers who have been hit this year by higher rates and soaring prices.

The average rate for a 30-year fixed-rate mortgage is 4.99% this week, up from 5.30% the previous week, according to a survey from the mortgage giant Freddie Mac released Thursday. Although rates remain well above their levels of a year ago, they have fallen rapidly in recent weeks from their 13-year high of 5.81% in June.


Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button