‘Good news for the housing market’: Mortgage rates edge downwards, providing relief to potential buyers

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The 30-year mortgage rate is averaging at 6.31%, Freddie Mac said in its latest weekly survey on Thursday.

The numbers: Mortgage rates continue to inch downwards, providing some relief to prospective homeowners.

... The numbers: Mortgage rates continue to inch downwards, providing some relief to prospective homeowners. On Wednesday, the central bank raised its benchmark interest rate by 50 basis points to address persistent inflation in the U.S. economy. The Fed raised rates by 75 basis points four times since June.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

That’s good news

Buyers need to wait for the recession and resulting job losses. They will then get 25% off their house purchase and rates will be slashed to 2%. All going things come to those who wait

I need the damn prices to go lower bro. Wtf.

Great news! Can finish paying mortgage at 105 years old instead of 106! Woop woop! 🥳🥳🥳🥳🎉

South Africa South Africa Latest News, South Africa South Africa Headlines