Mortgage rates dropping again this week!

Second Week in a row. Rates bulletin.

Rates for 30-year fixed rate mortgages dropped below 7% the first week of the month, second dropping week in a row.

Rates have been moving higher for most of 2022, rising to over 7%.

More inflation and economic data/time is needed before we can know if inflation is finally slowing.

Some sources are calling this a temporary swing or one-time type event.

Black Friday did also see a cooling of the rabid shopping once associated with the season. We will hope for a gradual decrease in the inflation with which we have been plagued.

photo = https://unsplash.com/@giorgiotrovato

Don Martin is a broker and Owner of Martin Properties 38+ yrs, active in Nashville, Knoxville, Memphis, and Chattanooga, Tennessee.

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.

(This post may contain affiliate links, which means if you click, or make a purchase by clicking on them, I may receive a small commission, at no additional cost to you, that will help me continue to bring you valuable content. To that end, not all of the items on this page are affiliate links, as that is not a requirement to be on this page. Thanks for your support!)

Originally published at

https://thereasonablerealtor.com

on November 26, 2022.