General World News

Mortgage rates decline after Fed pauses hikes once more

Mortgage rates continued their downward plunge this week as inflation keeps decelerating. 

The 30-year fixed-rate mortgage averaged 6.63% as of Feb. 1, a decrease from last week’s figure of 6.69%, according to Freddie Mac’s Primary Mortgage Market Survey released on Thursday. Meanwhile, the 15-year fixed rate averaged 5.94% this week, down from 5.96% during the prior week. But HousingWire’s Mortgage Rates Center showed that Optimal Blue’s average 30-year fixed rate for conventional loans was 6.950% on Thursday, up from 6.713% at the same time last week.

“Although affordability continues to impact homeownership, the details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com