General World News

Mortgage rates decline amid expectation of economic slowdown  

Mortgage rates fell again this week, but the primary cause was not the banking crisis fiasco. It was the expectation that the U.S. economy is slowing down. 

According to Freddie Mac’s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage declined to 6.28% as of April 4, down from 6.32% the previous week. The survey focuses on conventional and conforming loans for borrowers who put 20% down and have excellent credit.

Meanwhile, at HousingWire’s Mortgage Rates Center, Optimal Blue’s 30-year fixed conforming mortgage rate was trending even lower at 6.22% as details ⇒

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