Reported 9 days ago
US mortgage rates have dropped to their lowest since October, following a rally in government bonds linked to escalating trade tensions, which has led to a surge in home purchase applications and refinancing. The average rate on a 30-year mortgage fell to 6.61%, contributing to a 35% increase in refinancing activity, while applications for home purchases rose over 9%, indicating strengthened demand amidst concerns about potential economic slowdowns due to rising tariffs.
Source: YAHOO