General World News

Mortgage rates fall to levels not seen since September

Mortgage rates headed lower this week as the 10-year Treasury yield dropped below 4.3% for the first time since September, according to new data from Freddie Mac.

The 30-year, fixed mortgage rate averaged 7.22% for the week ending Nov. 30, according to Freddie Mac‘s Primary Mortgage Market Survey. That’s down significantly from last week’s 7.29% and up from 6.49% the same week a year ago.

Meanwhile, HousingWire’s Mortgage Rates Center showed Optimal Blue’s average 30-year fixed rate on conventional loans at 7.1% on Thursday.

“The current trajectory details ⇒

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