Freddie Mac: Rates dip on 30-year mortgages

Expectation that inflation will moderate keeps rates from rising

Inman News

Long-term mortgage rates were mixed this week while rates on adjustable loans declined, Freddie Mac reported today.

The average 30-year fixed-rate loan dipped to 6.01 percent from last week's 6.05 percent, still below the year-ago average of 6.15 percent, according to Freddie Mac. On 15-year fixed-rate loans, the average was unchanged at 5.6 percent, considerably lower than the 5.87 percent reported a year ago.

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