US mortgage rates saw some movement this week, with the 30-year fixed-rate mortgage slipping to 6.46% and the 15-year mortgage rate now at 5.62%, according...
, with the 30-year fixed-rate mortgage slipping to 6.46% and the 15-year mortgage rate now at 5.62%, according to Freddie Mac . What does this mean for potential home buyers?Mortgage rates were a little changed this week, the 30 remains under 6.5 after a steep drop earlier this month.This is good news for potential house hunters mortgage rates fell slightly 3 1/100 of a percent this week.But if we compare that to a year ago, mortgage rates were hovering around 7%.
Now, remember the the fed doesn't set mortgage rates but its policy moves to impact the direction of where mortgage rates could go.
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