will lift interest rates by less than 75 basis points when the central bank's rate-setting committee meets next week.averaged 6.33%, down from 6.49% last week, according to mortgage packager Freddie Mac. A year ago, the 30-year FRM averaged 3.10%.
For sale sign outside of a home, Wednesday, Oct. 12, 2022, in Towson, Md. On Thursday Freddie Mac reports on this week’s average U.S. mortgage rates.Mortgage rates decreased for the fourth consecutive week, due to increasing concerns over lackluster economic growth. Over the last four weeks, mortgage rates have declined three quarters of a point, the largest decline since 2008.
"While the decline in rates has been large, homebuyer sentiment remains low with no major positive reaction in purchase demand to these lower rates," said Sam Khater, Freddie Mac's chief economist.
The regime of Iran has executed MohsenShekari a young protester today. He was arrested on charges of “blocking the street” and “attacking an officer”, sentenced to death in a show trial and executed shortly after. There are many other hostages in line. The world MUST react NOW
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