homeWelcome, sign in or click here to subscribe.login




Subscriber content preview

May 10, 2024

Mortgage rate dips, still above 7%

LOS ANGELES (AP) — The average rate on a 30-year mortgage fell for the first time in four weeks, a slight relief for home shoppers already facing the challenges of rising housing prices and a shortage of homes for sale.

The rate fell to 7.09% from 7.22% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.35%.

. . .

To read this story in full login or purchase a subscription.

Email or user name:
Forgot password? Click here.