The average long-term US mortgage rate fell to 7.18% this week, easing from more than 20-year high
The average long-term U.S. mortgage rate slipped after climbing for five consecutive weeks to a more than 20-year high, a modest relief for would-be homebuyers challenged by rising home prices and a thin inventory of homes on the market. Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan fell to 7.18% from 7.23% last week. A year ago, it averaged 4.98%, Freddie Mac said.
Source: yahoo.com
