Average long-term U.S. mortgage rates ease to 5.7%

Average long-term U.S. mortgage rates ease to 5.7%

WASHINGTON (AP) — Average long-term U.S. mortgage rates eased back this week after shooting up nearly three-quarters of a point in recent weeks.
Mortgage buyer Freddie Mac reported Thursday that the 30-year rate fell to 5.70% this week from 5.81% last week. One year ago, however, the average 30-year rate was 2.98%.
The average rate on 15-year, fixed-rate mortgages, popular among those refinancing…

View On WordPress