Mortgage rates fall for the second week in a row
Mortgage rates declined again this week, after falling by about half a percentage point last week.
The 30-year fixed-rate mortgage averaged 6.58% in the week ending Nov. 23.
A year ago, the 30-year fixed rate was 3.10%.
Mortgage rates have risen throughout most of 2022
Federal Reserve’s unprecedented campaign of hiking interest rates in order to tame soaring inflation
last week, rates tumbled amid reports that indicated inflation may have finally reached its peak
The average mortgage rate is based on mortgage applications that Freddie Mac receives
The average weekly rates, typically released by Freddie Mac
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