Reported about 12 hours ago
Mortgage rates fell below 7% for the first time in six weeks, providing welcome news for prospective homebuyers. The average 30-year fixed-rate mortgage rate decreased to 6.96% as market fears about President Trump's economic policies eased after he refrained from imposing tariffs on imports. Although affordability issues persist, applications for new home purchases rose slightly, while refinancing applications declined. Analysts predict that mortgage rates may remain high, contributing to ongoing challenges in the housing market.
Source: YAHOO