US EditionMortgage Rates and the Federal Reserve: Everything to Know Before Today's Decision
- The average rate on a 30-year U.S. mortgage has decreased to 6.81%, down from 6.84% last week, according to Freddie Mac.
- High mortgage rates can add hundreds of dollars in costs for borrowers and decrease their purchasing power, impacting home sales.
- The U.S. housing market has been in a sales slump since 2022, when mortgage rates began to rise.
- Homebuilder sentiment reached its third-lowest reading since 2012, indicating worries about demand due to mortgage rates and economic uncertainty.
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Associated Press News+26 Reposted by 26 other sources
Average long-term US mortgage rate eases to 6.81%, the third consecutive weekly decline
The average rate on a 30-year U.S. mortgage eased for the third week in a row, a welcome trend for prospective homebuyers at a time when elevated borrowing costs remain a drag on the housing market.
·United States
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Total News Sources30
Leaning Left2Leaning Right3Center23Last UpdatedBias Distribution82% Center
Bias Distribution
- 82% of the sources are Center
82% Center
C 82%
11%
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