US 30-year mortgage rate falls to 7.18%, third straight decline
FROM THE WIRE · FINANCE.YAHOO.COM
WASHINGTON (AP) — The average long-term U.S. mortgage rate fell for the third straight week, offering some relief to prospective homebuyers facing higher home prices. The average 30-year fixed-rate mortgage in the U.S. declined to 7.18% from 7.24% last week, mortgage buyer…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe drop in mortgage rates tracks lower Treasury yields, relevant for the housing sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The average 30-year fixed rate fell to 7.18% from 7.24% last week, per Freddie Mac.
- 02The 15-year rate dipped to 6.57% from 6.60%.
- 03A year ago the 30-year rate was 6.22%.