Average US Long-Term Mortgage Rate Eases to 6.3%, Its Second Weekly Drop

Average US long-term mortgage rate eases to 6.3%, its second weekly drop

The average long-term U.S. mortgage rate declined again this week, easing borrowing costs for prospective homebuyers during what is typically the housing market’s busiest time of the year.

Average US long-term mortgage rate eases to 6.3%, according to Freddie Mac, its second consecutive weekly decline

Average US long-term mortgage rate eases to 6.3%, according to Freddie Mac, its second consecutive weekly decline.

Average US long-term mortgage rate eases to 6.3%, its second weekly drop - WXXV News 25

By  ALEX VEIGA The average long-term U.S. mortgage rate declined again this week, easing borrowing costs for prospective homebuyers during what is typically the housing market’s busiest time of the year. The benchmark 30-year fixed rate mortgage rate dropped to 6.3% from 6.37% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 6.83%. The average rate is now at its lowest level since March 19, when it was 6.22%.…

US mortgage rates drop for second week to 6.3%, Freddie Mac says

The housing market has been rattled by the war in Iran

Rates Drop Again but Economists Say Momentum Depends on Ceasefire

Economists continue to be cautious about the direction of mortgage rates, saying the spring market outlook remains unclear and further decreases could depend on weather the ceasefire in the Middle East remains intact.  The average mortgage rate ticked down 7 basis points to 6.30%, down from 6.37% last week, according to the latest Primary Mortgage… The post Rates Drop Again but Economists Say Momentum Depends on Ceasefire appeared first on RISMe…