General World News

Mortgage rates continue to slide toward 7%  

Mortgage rates continued on their downward path as HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conforming loans at 7.34% on Tuesday, below the rate of 7.43% one week ago

At the same time one year ago, the 30-year average rate was 6.66%. Meanwhile, the 15-year conforming fixed rate averaged 6.71% on Tuesday, down from 6.77% one week earlier.

“Mortgage rates and labor data are starting to get into a more heated dance as the bond market tries to get ahead of a Fed pivot,” HousingWire lead analyst Logan Mohtashami said. “So, details ⇒

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