Housing Trends

Finance News

Mortgage rates continue to fall

But with high home prices, affordability remains an issue

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As the year draws to a close, conditions appear to be improving for homebuyers. Freddie Mac reports its Primary Mortgage Market Survey shows the 30-year fixed-rate mortgage (FRM) averaged 6.60% this week.

“The 30-year fixed-rate mortgage decreased for the third consecutive week,” said Sam Khater, Freddie Mac’s chief economist.

“The combination of mortgage rate declines, firm consumer income growth and a bullish stock market have increased homebuyer demand in recent weeks. ...

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