Mortgage rates dip slightly

Econ & Housing

istock.com/ridvan_celik MCLEAN, Va. — Freddie Mac today released the results of its Primary Mortgage Market Survey, showing that the 30-year fixed-rate mortgage (FRM) averaged 5.25%. “Economic uncertainty is causing mortgage rate volatility,” said Sam Khater, Freddie Mac’s chief economist. “As a result, purchase demand is waning, and homebuilder sentiment has dropped to the lowest level…

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