The average long-term US mortgage rate falls to 7.5% in second-straight weekly drop

Mortgage Rates See Biggest Decline in a Year. Don't Expect Buyers to Rush In.

The decline in mortgage rates is probably not enough to make a significant dent in high home costs.

Mortgage rates fall for second straight week after cost of monthly payments surge in October

The average rate on a 30-year fixed mortgage declined for the second week in a row but provided little relief to buyers whose payments jumped by a new high last month.

The average long-term US mortgage rate falls to 7.5% in second-straight weekly drop

LOS ANGELES (AP) -- The average rate on the benchmark 30-year home loan fell for the second week in a row, positive news for prospective homebuyers after rates touched a 22-year high just last month.

The average long-term US mortgage rate falls to 7.5% in second-straight weekly drop

LOS ANGELES (AP) — The average rate on the benchmark 30-year home loan fell for the second week in a row, positive news for prospective homebuyers after rates touched a

The average long-term US mortgage rate falls to 7.5% in second-straight weekly drop

LOS ANGELES (AP) — The average rate on the benchmark 30-year home loan fell for the second week in a row, positive news for prospective homebuyers after rates touched a 22-year high just last month. The latest decline brought the average rate on a 30-year mortgage down to 7.5% from 7.76% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.08%. As mortgage rates rise, they can add hundreds of dollars a month in co…

Mortgage rates plunge by largest amount in a year

By Anna Bahney, CNN Washington, DC (CNN) — Mortgage rates tumbled this week in the biggest one-week drop since last November. It’s the second straight week that rates have fallen, after rising for seven consecutive weeks. The 30-year fixed-rate mortgage fell to an average of 7.50% in the week ending November 9, down from 7.76% the week before, according to data from Freddie Mac released Thursday. A year ago, the average 30-year fixed-rate reache…