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Mortgage Rates Drop To Four-Week Low

  • June 18th

by UrbanTurf Staff

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Mortgage rate chart_06-18-25.png

Mortgage rates edged down this week. 

Today, Freddie Mac reported 6.81% as the average on a 30-year mortgage, down three basis points from last week. Long-term rates are now at their lowest level in about a month.

“More available inventory to choose from, coupled with this week’s decline in mortgage rates, could be the spark to get potential homebuyers off the sidelines,” said Sam Khater, Freddie Mac’s Chief Economist.

The UrbanTurf Mortgage Rate Disclaimer: The rates reported by Freddie Mac for 30-year mortgages are usually the best rates that the most qualified borrowers can get, so borrowers or those considering refinancing should not necessarily read this news and think that they can go out and get a loan with the quoted interest rate.

See other articles related to: interest rates, mortgage rates

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/mortgage_rates_drop_to_four-week_low/23616.

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