U.S. mortgage rates drop again (See where they stand)
- The average 30-year mortgage rate in the U.S. Fell to 6.76% this week, down from 6.81% last week according to Freddie Mac.
- This decline occurred during the busiest season for the housing market and contrasts with last year's 7.22% rate, providing modest relief for buyers.
- Interest rates for 15-year fixed mortgages, which are commonly chosen by homeowners looking to refinance, declined slightly to 5.92% from 5.94%.
- Mortgage rates reflect influences from global demand for U.S. Treasurys, Federal Reserve policies, and investors' inflation expectations, which affect homebuyers' purchasing power.
- The rate declines suggest enhanced affordability for homebuyers during peak market activity and may encourage increased refinancing and purchasing decisions.
32 Articles
32 Articles
Average mortgage rate eases, its second straight weekly decline
The average rate on a 30-year mortgage in the U.S. eased again this week, modest relief for prospective home shoppers during what’s traditionally the busiest time of the year for the housing market.
30-year mortgage rates dip slightly to 6.76%
KEY TAKEAWAYS: The 30-year mortgage rate dropped to 6.76%, down from 6.81%. 15-year mortgage rate fell to 5.92%, lowest in months. Rates remain volatile amid inflation and bond market shifts. Spring housing market remains sluggish despite rate declines. The average rate on a 30-year mortgage in the U.S. eased again this week, modest relief for prospective home shoppers during what’s traditionally the busiest time of the year for the ho…


Mortgage rates fall for 2nd straight week, Freddie Mac says
Mortgage rates fell for the second week in a row, 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 6.76% from last week's reading of 6.81%.The average rate on a 30-year loan was 7.22% a year ago."In recent weeks, rates for the 30-year fixed-rate mortgage have fallen even lower than the first-quarter average…
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