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Mortgage rates have declined but could stay at a level that makes it tough to afford a home

Mortgage rates in the U.S. Have declined for seven consecutive weeks, reaching 6.63%, reported Freddie Mac.
Despite the decline, home sales have not increased, with pending home sales indicating further declines, noted by Realtor.com economist Joel Berner.
The housing market remains uncertain due to high inflation and tariffs from the Trump administration, as stated by a source.
A spike in mortgage applications was reported, showing a 20.4% increase, but many buyers are still hesitant due to rising home prices and inventory.

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KRCR

Mortgage rates keep falling in boost to buyers in all-time expensive market

Mortgage rates have declined for seven consecutive weeks in a welcome shift for a housing market that has struggled with affordability challenges since the post

3 days ago

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Newsweek

Can FHA mortgage payments be paused for 12 months? What to know

Experts are cautioning homebuyers from jumping on the bandwagon too quickly when it comes to a Federal Housing Authority (FHA) loan.

3 days ago·United States

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Arkansas Business

Mortgage Rates Have Declined But Could Stay at a Level That Makes it Tough to Afford a Home

Mortgage rates have been mostly declining in recent weeks, helping encourage prospective home shoppers just as the spring homebuying season gets going. But the same factors that have pulled mortgage rates to their lowest level since December — signs that the U.S. economy is slowing and uncertainty over the potential fallout from the Trump administration’s tariffs on imports — are clouding the outlook for where mortgage rates will go from here. “…

4 days ago

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The Globe & Mail

Fixed mortgage rates expected to drop as tariff threats drive down bond yields

Economists and mortgage brokers say that, as a result of the trade war, fixed rate mortgages are expected to drop in the coming weeks and months to the mid-3-per-cent range

4 days ago·Canada

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Associated Press News

+18 Reposted by 18 other sources

Mortgage rates have declined but could stay at a level that makes it tough to afford a home

Mortgage rates eased this week for the seventh week in a row, a trend that gives prospective home shoppers more financial flexibility just as the spring homebuying season gets going.

4 days ago·United States

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Benzinga

Mortgage Rates Continue to Fall - Federal Home Loan (OTC:FMCC)

MCLEAN, Va., March 06, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.63%. "As the spring homebuying season gets underway, the 30-year fixed-rate mortgage saw the largest weekly decline since mid-September," said Sam Khater, Freddie Mac's Chief Economist. "The decline in rates increases prospective homebuyers' pu…

4 days ago·New York, United States

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