Mortgage Rates And Housing Starts Tumble While Homebuilders Are Glum

ValueWalk, Nov. 17, 2022–Phil Hall
Freddie Mac reported the 30-year fixed-rate mortgage averaged 6.61% as of Nov. 17, a drop from the 7.08% recorded last week. The 15-year fixed-rate mortgage averaged 5.98%, down from last week when it averaged 6.38%. Freddie Mac added it will no longer provide data related to adjusted-rate mortgages. (MBA mention)