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Average long-term US mortgage rates come back down to 6.6%

Por: ABC News Business March 16, 2023

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The average long-term U.S. mortgage inched back down this week after five straight weeks of increases, good news for homebuyers as the housing market's all-important spring buying season gets underway.Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate slid back to 6.60% from 6.73% last week. The average rate a year ago was 4.16%.The average long-term rate hit 7.08% in the fall — a two-decade high... + full article



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