Christine Hazel

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The 30-year Fixed-rate Mortgage Reverts from Last Week

May 20, 2023 by Christine Hazel

May 18, 2023
The 30-year fixed-rate mortgage averaged 6.39 percent this week, as economic crosscurrents have kept rates within a ten-basis point range over the last several weeks. After the substantial slowdown in growth last fall, home prices stabilized during the winter and began to modestly rise over the last few months. This indicates that while affordability remains a hurdle, homebuyers are getting used to current rates and continue to pursue homeownership.

Information provided by Freddie Mac.

Filed Under: Monthly Skinny Video

Christine Hazel

Christine Hazel is a full-time, dedicated Realtor licensed in Minnesota with more than 10 years of real estate experience and success... (read more)

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