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Published 27 days ago

Long-term mortgage rates ease for third straight week, dipping to just below 7%

Summary by Washington Top News
LOS ANGELES (AP) — The average rate on a 30-year mortgage dipped this week to just below 7% for the first time since mid April, a modest boost for home shoppers navigating a housing market dampened by rising prices and relatively few available properties. The rate fell to 6.94% from 7.02% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.57%. This is the third straight weekly decline in the average rate. The re…

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