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Freddie Mac reports that the 30 year fixed-rate mortgage fell to 6.58%

Freddie Mac reports that the 30 year fixed-rate mortgage fell to 6.58%

Freddie Mac is reporting that the 30 year mortgage rate dipped to 6.58% from 6.61% last week. That is down 50 basis points from the peak reached during the week of November 7 at 7.08%. That high rate was the highest level going back to November 2002.

Earlier today, the weekly mortgage data showed that

  • mortgage applications rose 2.2% in the current week.
  • Refinance applications which are most sensitive to weekly removes rose 2% over still 86% lower than the same week o... Read More
Posted: Nov 23 2022, 17:39
Author Name: forexlive
Views: 111655

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