Mortgage Rates Dip Below 7%, Refinances in Slight Uptick, Industry Reaction to the Fed’s Latest Rate Hike
On the Mortgage FrontFreddie Mac (OTCMKTS:FMCC) reported the 30-year fixed-rate mortgage averaged 6.95% as of Nov. 3, down from last week when it averaged 7.08%. The 15-year fixed-rate mortgage averaged 6.29%, down from last week when it averaged 6.36%. And the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 5.95%, down from last week when it averaged 5.96%. Q3 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you're ready to be matched...