Home Buyers Play Hide and Seek with Interest Rates
Key Points
- Mortgage rates slightly declined to 6.85%, but remain high, ...
Want to buy a house but your mortgage calculator just laughed at you? Join the club! The U.S. real estate market is giving everyone mixed signals as mortgage rates take baby steps downward while still hovering at eyebrow-raising levels.
The Rate Race: Two Steps Forward, One Step Back
Freddie Mac's latest report shows the average 30-year fixed mortgage rate dipping to 6.85% - down from last week's 6.87%. Sure, it's the fifth consecutive weekly decline and the lowest since December, but let's not pop the champagne just yet. We're still dealing with rates that would make your grandparents spil...
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