US MORTGAGE RATES FALL FOR SECOND STRAIGHT WEEK The average 30-year fixed mortgage rate dropped to 7.24%, down from 7.32% last week and 7.4…
US MORTGAGE RATES FALL FOR SECOND STRAIGHT WEEK
The average 30-year fixed mortgage rate dropped to 7.24%, down from 7.32% last week and 7.40% two weeks ago, according to Freddie Mac.
The decline follows a retreat in 10‑year Treasury yields, partly driven by investors shifting from technology stocks into government bonds.
However, mortgage rates remain more than one percentage point above year‑ago levels, weighing on housing affordability and demand.