Mortgage rates ease for second straight week
Until the Fed begins lowering its short-term rate, long-term mortgage rates are unlikely to ease significantly, economists say.
Source: boston.com
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A little relief. Just a little. Mortgage rates ease.
A year ago, the mortgage rate averaged 6.71%. Five years ago, it stood at 3.82%, according to the Federal Reserve Bank of St. Louis.
Source: boston.com
Average long-term US mortgage rate inches up
After climbing to a 23-year high of 7.79% in October, the average rate on a 30-year mortgage has remained below 7% since early December.
Source: boston.com
Mass. home prices broke records in January
The housing market woes of 2023, "like limited inventory, economic uncertainties, and higher interest rates are still at the forefront."
Source: boston.com
Average long-term mortgage rates edge higher, snapping 9-week slide
Economists expect the average rate on a 30-year mortgage to decline further, though forecasts generally see it moving no lower than 6%.
Source: boston.com