The 30-year fixed-rate mortgage (FRM) decreased to 7.09% from 7.22% last week, the first decrease seen since they began rising five weeks ago in March, according to the latest Primary Mortgage Market Survey® from Freddie Mac. This week’s numbers: The 30-year FRM averaged 7.09% as of May 9, 2024, down from last week when it…
The post Mortgage Rates See First Reprieve in 5 Weeks appeared first on RISMedia.
