Housing Trends

Mortgage rates fall again, drawing homebuyers back to the housing market

The average 15-year rate has fallen below 6%

There’s more encouraging news for homebuyers as 2024 draws to a close. Mortgage rates have continued to moderate.

Freddie Mac reports its Primary Mortgage Market Survey shows the 30-year fixed-rate mortgage averages 6.69% this week.

“This week, mortgage rates decreased to their lowest level in over a month,” said Sam Khater, Freddie Mac’s chief economist. 

“Despite just a modest drop in rates, consumers clearly have responded as purchase demand has noticeably improved. The...