Uncategorized April 7, 2023

Mortgage Rates Continue To Decrease

For the fourth consecutive week, mortgage rates edged down with the average 30-year fixed rate mortgage now at 6.28 percent, Fannie Mae reported yesterday.  Economic uncertainty continues to bring mortgage rates down, its report said, noting that over the last several weeks, declining rates have brought borrowers back to the market.  But as the spring homebuying season gets underway, low inventory remains a key challenge for prospective buyers.