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Mortgage rates fell for the second week in a row, mortgage buyer Freddie Mac said Thursday.
Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage fell to 6.65% from last week’s reading of 6.67%.
The average rate on a 30-year loan was 6.58% a year ago.
SLOWING LABOR MARKET CREATES NEW HURDLE FOR FIRST-TIME HOMEBUYERS FACING AFFORDABILITY SQUEEZE
The average rate on a 15-year fixed mortgage fell to 5.95% from last week’s reading of 5.96%.
Mortgage rates are affected by several factors, including the Federal Reserve and geopolitics. Though mortgage rates are…
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