Mortgage rates fall for the fourth week in a row | CNN Business

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Homebuyers benefited from another week of falling mortgage rates, with the average rate dropping for the fourth week in a row

The 30-year fixed-rate mortgage averaged 6.28% in the week ending April 6, down from 6.32% the week before. A year ago, the 30-year fixed-rate was 4.72%. “Mortgage rates continue to trend down entering the traditional spring homebuying season,” said Sam Khater, Freddie Mac’s chief economist. “Unfortunately, those in the market to buy are facing a number of challenges, not the least of which is the low inventory of homes for sale, especially for aspiring first-time homebuyers.

The fallout from the banking meltdown could lead to potentially stricter lending requirements and a “less hospitable borrowing environment,” said Hannah Jones, economic research analyst at Realtor.com, in a statement Thursday. “More expensive, stricter lending helps to usher in the long-term health of the economy, but the downside is that borrowing for large purchases, including a home purchase, may be relatively more challenging in the short term.

 

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cnn you're crushing it on Twitter. You and my grandpa are on the same level!! LoL

Is that the trial were most of the proud boys were paid by the FBI?

This the second article today from CNN with the caption linked to the wrong story.

Yup, these people are a danger to society.

Are you ok CNN? Like my post if you need help👀

Well, it's make no sense but it's from CNN, so just usual business.

?

Probably a reporter. MSDNC is all about following jurors.

How will this affect mortgage rates?

I guess it's time to put my avocado toast budget towards a down payment. Who would've thought owning a home could be as thrilling as a rollercoaster ride

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