Mortgage Rates Decline for Second Consecutive Week

Freddie Mac’s Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage averaged 6.65%. The higher mortgage-rate level is a mild headwind for housing affordability and demand, though the release is largely descriptive with limited incremental information.

Analysis

Freddie Mac’s Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage averaged 6.65%. The higher mortgage-rate level is a mild headwind for housing affordability and demand, though the release is largely descriptive with limited incremental information.