Despite Dip in Rates, Low Inventory Deterring Spring Buyers

For the third straight week, the 30-year, fixed-rate mortgage (FRM) fell over the previous week, as Freddie Mac reported the FRM averaging 6.32% as of March 30, 2023, down from last week when it averaged 6.42%. A year ago at this time, the 30-year FRM averaged 4.67%. And with the steady decline in mortgage rates…