Mortgage

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Good morning, and good news: Mortgage rates continued to decline this week, pulling back from recent highs, Inman News reports.

Inman News: ‘In Freddie Mac’s survey, the 30-year fixed-rate mortgage sank to an average 6.63% from 6.67% last week.... ‘Long-term mortgage rates continued to move lower for a third consecutive week, in part reflecting a moderation in core inflation,’ Freddie Mac’s Frank Nothaft said.’

Bankrate.com’s average 30-year-mortgage interest rates this week: 6.78% in L.A., down from 6.79% a week ago.

Freddie Mac Timeline
6/14 6.74%
6/21 6.69%
6/28 6.67%
7/5 6.63%

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Photo Credit: Reuters

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