Saturday, May 4, 2024 | The Latest Buzz for the Appraisal Industry

Average Rate for 30-Year Mortgage Dips Below 3 Percent – Yet Again

Mortgage rates continued to seesaw this past week, with the average rate for a 30-year, fixed-rate mortgage dipping just below 3%, Freddie Mac’s Primary Mortgage Market Survey shows.

More specifically, the average rate for a 30-year was 2.95%, down from 3% last week and down from 3.15% a year ago.

“Mortgage rates are down below three percent, continuing to offer many homeowners the potential to refinance and increase their monthly cash flow,” says Sam

This post was originally published on this site

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