By Anna Bahney, CNN Mortgage rates dipped again this week, dropping for the fourth week in a row. The 30-year fixed-rate mortgage averaged 6.33% in the week ending December 8, down from 6.49% the week before, according to Freddie Mac. A year ago, the 30-year fixed rate was 3.10%.
Local News 8's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Developments in this update
3 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.
Mortgage rates fall for the fourth week in a row
Headline from Local News 8 ·
Mortgage Interest Rates Today: December 5, 2022—Rates Fall
Headline from Forbes ·
Newest
Average long-term mortgage rate falls a fourth straight week
The PMMS 30-year mortgage rate released by Freddie Mac dropped for the third week in a row after reaching a 20-year high this year caused by Fed rate hikes.
By Anna Bahney, CNN Business Mortgage rates dipped again this week, marking the third straight week of falling rates. The 30-year fixed-rate mortgage averaged 6.49% in the week ending December 1, down from 6.58% the week before, according to Freddie Mac. A year ago, the 30-year fixed rate was 3.11%.
Today, the average rate on a 30-year fixed mortgage is 6.59%, according to Bankrate.com, while the average rate on a 15-year mortgage is 5.94%. On a 30-year jumbo mortgage, the average rate is 6.61%, and the average rate on a 5/1 ARM is 5.44%. Related: Compare Current Mortgage Rates Mortgage Rat
By Anna Bahney, CNN Mortgage rates dipped again this week, dropping for the fourth week in a row. The 30-year fixed-rate mortgage averaged 6.33% in the week ending December 8, down from 6.49% the week before, according to Freddie Mac. A year ago, the 30-year fixed rate was 3.10%.
The average long-term U.S. mortgage rate fell for the fourth week in a row and has fallen more than three-quarters of a point since hitting a 20-year high last month, according to mortgage packager Freddie Mac.
Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.
Mortgage rates fall for the fourth week in a row | Since Then