Mortgage rates fall to 6.63%: Freddie Mac

Freddy Mac, real estate buyer Freddy Mac on Thursday, said that the mortgage rates decreased in the seventh week in a row to the lowest level since December.

The Freddie Mac main mortgage market surveyed, which was released on Thursday, showed that the average fixed mortgage rate for 30 years decreased to 6.63 % of last week’s reading by 6.76 %. The average loan price for 30 years was 6.88 % a year ago.

Sam Khatter, chief economist in Freddy Mac, said the 30 -year loan has witnessed the largest weekly decline since mid -September.

The “For sale” brand in Philadelphia August 16, 2024. (Joe Lamberti / Bloomberg via Getty Images / Getty Images)

Mortgage rates drop to the lowest level in more than two months

“The decrease in prices increases the strength of the purchase of potential home buyers and should provide a strong incentive to achieve a step,” said Khoter. “In addition, this decrease in prices already provides some current home owners an opportunity to re -financing. In fact, the share of re -financing from the mortgage requests that were issued this week reached nearly 44 %, the highest level since mid -December.”

The United States is awaiting home sales to register the lowest level in January

Sam Khatter, chief economist in Freddy Mac, said the 30 -year -old loan was the largest weekly decrease since mid -September. (Steve Pfost / Newsday RM via Getty Images / Getty Images)

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The average fixed mortgage rate for 15 years decreased to 5.79 % from 5.94 % last week. One year ago, the average fixed observation rate for 15 years reached 6.22 %.