Home Mortgage

Mortgage rates drop to stall rising trend

Weekly data compiled by Freddie Mac shows mortgage rates are down following an increase of more than half a percent over five consecutive weeks. The 30-year fixed-rate mortgage (FRM) averaged 6.60% while the 15-year rate was 5.9%.

Mortgage rates keep rising amid high inflation: Freddie Mac

Mortgage interest rates increased again this week after the year opened on a more optimistic note for homebuyers. Meanwhile, mortgage rate volatility persists as the Fed raises interest rates to fight inflation. But the tide may soon turn.