Great news on the mortgage front! Rates are still on the decline for the fifth consecutive week. According to Freddie Mac's latest data released today, the 30-year fixed-rate mortgage has dropped to an average of 7.22% this week, down from 7.29% last week.
Freddie Mac's chief economist, Sam Khater, mentioned, 'There's been a notable change in market sentiment over the past month, contributing to this ongoing decrease in mortgage rates.'
Great news for those eyeing the housing market!
