Reported 1 day ago
This week, the average rate on a 30-year mortgage in the U.S. fell to 6.85%, marking its first decline in a month, according to Freddie Mac. Despite this drop from last week's 6.89%, borrowing costs for homebuyers remain high, contributing to a sluggish housing market that began in 2022. The 15-year fixed-rate mortgage also saw a decrease, now at 5.99%. Analysts predict mortgage rates will stay volatile, hovering between 6% and 7% for the year.
Source: YAHOO