Mortgage Rates Trend Down for Third Straight Week

Picture of Author: Rich Barnhart

Author: Rich Barnhart

Mortgage rates trended down for the third straight week as new data indicates inflationary pressures are receding. The consumer price index slowed to 3.2% in October which is down from 3.7% the previous month. As a result, many economists believe the Fed will stop their rate hikes, but we won’t know for sure until the December meeting.

Mortgage rates down in November
Freddie Mac reports that mortgage rates are down for the third straight week in November
Blog Author:

Rich Barnhart

Rich is the broker and owner of By The Sea Realty and a frequent contributor to the company's real estate blog.
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