Mortgage rates decrease slightly after six weeks of rising

COOLING DOWN: Mortgage rates decrease slightly after six weeks of rising

‘Mansion Global’ host Katrina Campins surveys America’s volatile housing market as certain U.S. regions begin to see a cooling in home prices on ‘Varney & Co.’averaged 6.66% with an average 0.8 point as of Thursday, down from last week when it averaged 6.70%, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 2.99%.

The 15-year fixed-rate mortgage averaged 5.90% with an average 1.0 point, down from last week when it averaged 5.96%. A year ago at this time, the 15-year FRM averaged 2.23%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 5.36% with an average 0.3 point, up from last week when it averaged 5.30%. A year ago at this time, the 5-year ARM averaged 2.52%.

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