The Average Rate on a 30-Year Mortgage Fell to 6.77% This Week, Freddie Mac Says, the Lowest Level Since Early May

Mortgage Rates Slip to Early May Levels. It’s Buyers’ Turn Now.

Ticker: Mortgage rates drop to 6.77%; US economy shrank 0.5% in the first quarter

The average rate on a 30-year U.S. mortgage fell to its lowest level since early May, an encouraging trend for prospective homebuyers at a time when the U.S. housing market remains largely held back by elevated borrowing costs and rising prices.

30-year mortgage rate dips to 6.77%

KEY TAKEAWAYS: 30-year mortgage rate falls to 6.77%, the lowest since early May. 15-year mortgage rates also declined, now at 5.89%. New-home sales fell nearly 14% in May; inventory is climbing. Pending home sales rose 1.8%, hinting at future market activity. The average rate on a 30-year U.S. mortgage fell to its lowest level since early May, an encouraging trend for prospective homebuyers at a time when the U.S. housing market remains la…

Mortgage rate drops to 6.77%, lowest level since early May

By Alex Veiga | The Associated Press The average rate on a 30-year U.S. mortgage fell to its lowest level since early May, an encouraging trend for prospective homebuyers at a time when the U.S. housing market remains largely held back by elevated borrowing costs and rising prices. The long-term rate fell to 6.77% from 6.81% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.86%. Borrowing costs on 15-year fixed…

Mortgage rates fall for 4th straight week, lowest since early May

Mortgage rates fell for the fourth consecutive week to the lowest level since early May, 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 6.77% from last week's reading of 6.81%.The average rate on a 30-year loan was 6.86% a year ago.HOUSING CRISIS DEEPENS AS 47 MAJOR METRO AREAS NOW REQUIRE HOMEBUYERS TO S…

Average long-term US mortgage rate drops to 6.77%, the lowest level since early May

The average rate on a 30-year U.S. mortgage fell to its lowest level since early May, an encouraging trend for prospective homebuyers at a time when the U.S. housing market remains largely held back by elevated borrowing costs and rising prices.