Mortgage rates continue on a downward trend week to week. Is it time to sell? Is it time to buy? Lower rates are beneficial to both! Our lending partner can help you take advantage of the current trend. Curious?
According to CNN Business:
The 30-year fixed-rate mortgage averaged 6.28% in the week ending April 6, down from 6.32% the week before. A year ago, the 30-year fixed-rate was 4.72%.
After hitting a 2022 high of 7.08% in November, rates started 2023 trending down. However, they climbed again in February, after robust economic data suggested the Federal Reserve was not done in its battle to cool the US economy and would likely continue hiking its benchmark lending rate.