US EditionAverage Mortgage Rate Falls to Lowest Level Since Early April
- Freddie Mac announced that the average rate on a 30-year fixed mortgage dropped to 6.67%, marking its lowest point since mid-April and continuing a steady decline over the past five weeks.
- This decline follows extended high rates since 2022, which have kept U.S. home sales sluggish and discouraged buyers.
- The drop of 0.1% in the 30-year fixed rate from a week earlier, alongside a 7% rise in refinance applications, suggests renewed market interest.
- Sam Khater, chief economist at Freddie Mac, noted that this week’s drop in rates was the most significant reduction seen since early March, with the 15-year fixed mortgage rate decreasing to 5.8%.
- Economists expect rates to remain between 6% and 7% in coming months, implying modest changes and continued affordability challenges despite recent rate drops.
39 Articles
39 Articles
Average Mortgage Rate Falls to Lowest Level Since Early April
The average rate on a 30-year U.S. mortgage fell for the fifth straight week to its lowest level since early April, an encouraging sign for potential buyers who have wrestled with rising home prices. The long-term rate fell to 6.67% from 6.77% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.95%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, fell to 5.80…
Average long-term U.S. mortgage rate drops to lowest level since April
The average rate on a 30-year U.S. mortgage fell for the fifth straight week to its lowest level since early April, an encouraging sign for potential buyers who have wrestled with rising home prices. The long-term rate fell to 6.67% from 6.77% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.95%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, fell to 5.80…
Mortgage rates fall for fifth straight week, lowest since mid-April
Mortgage rates fell for the fifth consecutive week to the lowest level since mid-April, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell to 6.67% from last week's reading of 6.77%.The average rate on a 30-year loan was 6.95% a year ago.HOUSING CRISIS DEEPENS AS 47 MAJOR METRO AREAS NOW REQUIRE HOMEBUYERS TO SP…
Average mortgage rate falls to lowest level since early April
The average rate on a 30-year U.S. mortgage fell for the fifth straight week to its lowest level since early April, an encouraging sign for potential buyers who have wrestled with rising home prices.The long-term rate fell to 6.67% from 6.77% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.95%.
Coverage Details
Bias Distribution
- 71% of the sources are Center
To view factuality data please Upgrade to Premium
