Reported about 5 hours ago
The average U.S. rate on a 30-year mortgage has decreased for the fourth consecutive week, now at 6.87%, offering a hopeful outlook for home buyers as the spring season approaches. This decline comes despite rising rates on 15-year fixed mortgages, which went up to 6.09%. The current rate is notably above the record low of 2.65% seen over four years ago, and the market remains influenced by inflation and Federal Reserve policies, which have kept many potential homebuyers at bay amid rising home prices.
Source: YAHOO