Mortgage Rates in US Decline to 7.22%, Falling for Fifth Week
- Shifting market sentiment is driving the drops, economist says
- Pending home sales are at lowest level since at least 2001
Homes in Centreville, Maryland.
Photographer: Nathan Howard/BloombergThis article is for subscribers only.
Mortgage rates in the US dropped for the fifth straight week.
The average for a 30-year, fixed loan was 7.22%, down from 7.29% last week, Freddie Mac said in a statement Thursday.