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Mortgage rates edge lower, hover near 6%

On HALO

5 days ago

Mortgage rates inched lower this week, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage slipped to 6.09% from last week's reading of 6.11%. The average rate on a 30-year loan was 6.87% a year ago.HOME DELISTINGS SURGE AS SELLERS STRUGGLE TO GET THEIR PRICE"Bolstered by strong economic growth, a solid labor market and mortgage rates at three-year lows, housing affordability continues to measurably improve," said Sam Khater, Freddie Mac’s chief economist. "These factors...