{"id":5094,"date":"2021-05-13T15:07:11","date_gmt":"2021-05-13T20:07:11","guid":{"rendered":"https:\/\/nwfl4sale.com\/mortgage-rates-down-a-bit-but-can-it-continue\/"},"modified":"2021-05-13T15:07:11","modified_gmt":"2021-05-13T20:07:11","slug":"mortgage-rates-down-a-bit-but-can-it-continue","status":"publish","type":"post","link":"https:\/\/nwfl4sale.com\/mortgage-rates-down-a-bit-but-can-it-continue\/","title":{"rendered":"Mortgage Rates Down a Bit \u2013 But Can It Continue?"},"content":{"rendered":"
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The average 30-year, fixed-rate mortgage dropped to 2.94% from last week\u2019s 2.96%, but with inflation apparently rising, they\u2019ll likely change direction soon.<\/span><\/span><\/p>\n<\/div>\n MCLEAN, Va. \u2013 Mortgage rates continued their slow descent this week, with the average 30-year, fixed-rate mortgage dropping to 2.94% from last week\u2019s 2.96% average, according to Freddie Mac\u2019s weekly Primary Mortgage Market Survey (PMMS).<\/span><\/span><\/p>\n \u201cSince the most recent peak in April, mortgage rates have declined nearly a quarter of a percent and remained under 3% for the past month,\u201d says Sam Khater, Freddie Mac\u2019s chief economist.<\/span><\/span><\/p>\n However, Khater also issued a warning about possible rate increases in the short term.<\/span><\/span><\/p>\n \u201cThe low mortgage rate environment has been a boon to the housing market but may not last long as consumer inflation has accelerated at its fastest pace in more than 12 years and may lead to higher mortgage rates in the summer,\u201d he says.<\/span><\/span><\/p>\nWeekly mortgage rates, May 13, 2021<\/span><\/span><\/h3>\n
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