Mortgage rates drop below 7% – see how much you'd pay for a home at the current rate
Home ownership became more affordable this week as interest rates on 30-year fixed-rate mortgages fell below 7% for the first time since August. After peaking at nearly 8% in late October, the average 30-year mortgage rate has fallen weekly since then. According to Freddie Mac, the rate is 6.95% as of Thursday. With inflation easing, … [Read more…]