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Mortgage rates fall to their lowest level in almost three months
Mortgage rates fall to their lowest level in almost three months
Mortgage rates fall to their lowest level in almost three months

Published on: 06/21/2024

Description

(CNN) – Mortgage rates fell for the third straight week to their lowest level in almost three months.

Freddie Mac reported Thursday the standard for a 30-year fixed-rate mortgage averaged 6.87% for the week ending June 20.

That’s down from last week’s 6.95% average an down from a 2024 peak of 7.22%.

Still, mortgage rates remain higher than anything seen in the decade before 2022.

That’s the year the Federal Reserve began to raise interest rates to combat inflation.

Copyright 2024 CNN Newsource. All rights reserved.

News Source : https://www.walb.com/2024/06/21/mortgage-rates-fall-their-lowest-level-almost-three-months/

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