Mortgage Rates Keep Falling for Third Consecutive Week
01 Diciembre 2022 - 11:29AM
Noticias Dow Jones
By Sabela Ojea
Mortgage rates continued declining for a third consecutive week
amid growing optimism for a slower pace of Federal Reserve rate
increases.
In the week ending Thursday, the average rate on a 30-year
fixed-rate mortgage fell to 6.49% from 6.58% the prior week. A year
ago, the average rate was 3.11%.
Average 15-year rates were 5.76%, down from 5.90% last week,
Freddie Mac said. A year ago, the 15-year fixed-rate mortgage rate
averaged 2.39%.
"Even as rates decrease and house prices soften, economic
uncertainty continues to limit home buyer demand as we enter the
last month of the year," said Sam Khater, Freddie Mac's chief
economist.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
December 01, 2022 12:14 ET (17:14 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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