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Average US rate on a 30-year mortgage falls for sixth-straight week to lowest level since December

The average rate on a 30-year mortgage in the U.S. Decreased to 6.76% from 6.85% last week, according to Freddie Mac.
Despite declining mortgage rates, many prospective homebuyers still find affordability challenging, especially first-time buyers.
Sam Khater, Freddie Mac's chief economist, noted that the drop in mortgage rates and improving inventory is encouraging for home buyers.
The inventory of U.S. Homes for sale increased to its highest level since June 2020, indicating a shifting market, according to data from Redfin.

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OC Register

How Trump could lower certain mortgage rates

President Donald Trump wants to reduce short-term and long-term interest rates. You’re probably wondering how a president can do that while not stepping over the Federal Reserve. First, let’s consider short-term interest rates. With the inflation rate still at 3%, Federal Reserve Chairman Jerome Powell isn’t going to lower the short-term Federal Funds rate anytime soon. The Fed’s target rate is 2%. The fed funds rate directly affects what the Pr…

1 day ago·Orange County, United States

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The Oregonian

Average mortgage rate falls for 6th straight week, hits lowest level since December

The average rate on a 30-year mortgage in the U.S. eased for the sixth week in a row, a welcome boost in purchasing power for home shoppers just as the annual spring homebuying season gets going.

1 day ago·Portland, United States

Mortgage rates fall to lowest level in over 2 months

Mortgage rates fell for a sixth consecutive week to the lowest level in more than two months, 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 decreased to 6.76% from last week's reading of 6.85%. The average rate on a 30-year loan was 6.94% a year ago."The drop in mortgage rates, combined with modestly improving i…

1 day ago·United States

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abc News

Average US rate on a 30-year mortgage falls for sixth-straight week

The average rate on a 30-year mortgage in the U.S. eased for the sixth week in a row, a welcome boost in purchasing power for home shoppers just as the annual spring homebuying season gets going

1 day ago·United States

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Associated Press News

The average rate on a 30-year mortgage fell to 6.76% this week, Freddie Mac says, the lowest level since mid-December

The average rate on a 30-year mortgage in the U.S. eased for the sixth week in a row, a welcome boost in purchasing power for home shoppers just as the annual spring homebuying season gets going.

1 day ago·United States

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