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Mortgage rates set to drop after tariff turmoil

  • The average rate on a 30-year mortgage in the U.S. Dropped to 6.62%, down from 6.64% last week, as reported by Freddie Mac.
  • The Trump administration's tariffs have created market volatility, leading to uncertainty in the mortgage sector, according to Lisa Sturtevant, chief economist at Bright MLS.
  • The U.S. Housing market is seeing more buyer-friendly trends as mortgage rates fall and home listings increase, despite ongoing economic uncertainty.
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Average US rate on a 30-year mortgage falls to 6.62%, easing for the third week in a row

The average rate on a 30-year mortgage in the U.S. declined for the third week in a row, another positive move for prospective homebuyers during what’s traditionally the housing market’s busy season.

·United States
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  • 55% of the sources are Center
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Mortgage Strategy broke the news in on Tuesday, April 8, 2025.
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