Preferred Properties

Tag: 30 Year Mortgage

Posted on 01/20/2023
As interest rates decline, loan activity begins to bounce back 
The 30-year fixed-rate mortgage averaged 6.15% this week, the lowest rate since September. Key points: The declining mortgage rate could be behind this week's bump in loan applications. While good news for potential homebuyers, they still don’t have many choices as inventory remains low. As mortgage interest rates approach 6%, more potential buyers are applying for home loans....
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