Mortgage rates fall for the first time in three weeks

After a three-week period of rising rates, mortgage rates have declined this week, reflecting the ongoing volatility caused by conflicting economic indicators.

According to data released by Freddie Mac on Thursday, the average rate for a 30-year fixed-rate mortgage stood at 6.71% in the week ending June 8, down from 6.79% the previous week.

Comparatively, one year ago, the 30-year fixed rate averaged 5.23%, CNN reports.

READ MORE: https://www.cnn.com/2023/06/08/homes/mortgage-rates-june-8/index.html

Links for B.C.

Visit My Website
https://bcbegley.com

Follow Me On Facebook
https://www.facebook.com/B.C.Begley

Subscribe To My Patreon
https://www.patreon.com/bcbegley

Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A

Follow Me On Twitter
https://twitter.com/BC_News1

Watch Me On Rumble
https://rumble.com/c/c-280191

Follow Me On Gab
https://gab.com/BC_Begley