Long-Term Mortgage Rates Decline Amid Omicron Fears

Long-Term Mortgage Rates Decline Amid Omicron Fears
A sign is posted in front of a home for sale on in San Rafael, California, on Sept. 28, 2021. Justin Sullivan/Getty Images
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Long-term mortgage rates declined this week amid fresh fears over the effects the new Omicron coronavirus variant might have on the economy, mortgage buyer Freddie Mac reported in its Primary Mortgage Market Survey on Thursday.

Freddie Mac’s report is based on first-lien prime conventional conforming home purchase mortgages with a loan-to-value of 80 percent.

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