Mark Behlen

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Nearing Seven Percent, Mortgage Rates Continue to Decrease

December 7, 2023 by Mark Behlen

December 7, 2023
The 30-year fixed-rate mortgage averaged near 7 percent this week, down from nearly 7.80 percent just six weeks ago. When rates began to rapidly drop, purchase applications rebounded initially, but this improvement in demand diminished in the last week. Although these lower rates remain a welcome relief, it is clear they will have to further drop to more consistently reinvigorate demand.

Information provided by Freddie Mac.

Filed Under: Interest Rates

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    • Townhomes For Sale
    • Search
    • Market Trends
      • Closing Chart
      • Pending Chart
      • Supply Chart
      • Inventory Chart
      • DOM Chart
      • DOM Residential by Price Chart
      • DOM TH Chart
      • DOM TH by City Chart
      • DOM TH by Metro-City Chart
      • DOM Metro Chart
      • DOM Metro Chart All
    • Resources
      • Sellers
      • Buyers
    • Contact
    • Logan
    • Brookside