Mortgage Rates Continue to Fluctuate in April 2023.
TL;DR Summary
The average 30-year fixed-rate mortgage rate increased to 6.43% for the week ending April 27, 2023, according to Freddie Mac data. However, some economists believe the Federal Reserve will raise interest rates by 25 basis points in May. Despite recent mortgage rate increases, median home prices have dropped in the US, according to a report by Redfin. Additionally, mortgage delinquency rates in the US have dropped, according to a report by CoreLogic.
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