Real Estate

Mortgage rates continue to tick down

Mortgage rates fell for the second week in a row, despite the Fed Reserve's hawkishness with the 30-year fixed rate averaging 6.58%, down from 6.61% last week

Mortgage rates tumble to 6.61%

The 30-year fixed rate mortgage declined to 6.61%, the most since 1981, after nearly 10 weeks of increases.

Mortgage refinancing dries up

A decline in mortgage rates couldn't boost the refinancing area of the mortgage market. Meanwhile, demand for mortgage applications increased 2.7% from the prior week.