Freddie Mac reports mortgage rates continue to slowly drift lower

Freddie Mac’s weekly rate report revealed that mortgage rates continued to trend lower last week.

From Freddie Mac’s Vice President and Chief Economist states, “Mortgage rates continued to fall, albeit at a slower pace, with the 30-year fixed rate mortgage averaging 3.63 percent this week”.  According to the PMMS, in order to receive that rate, borrowers paid an average of 0.7 points.

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