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Average long-term US mortgage rate drops to 6. 77%, the lowest level . . . The average rate on a 30-year U S mortgage fell to its lowest level since early May, an encouraging trend for prospective homebuyers at a time when the U S housing market remains largely held back by elevated borrowing costs and rising prices The long-term rate fell to 6 77% from 6 81% last week, mortgage buyer Freddie Mac said Thursday A year ago, the rate averaged 6 86% Borrowing costs
Average long-term US mortgage rate eases to 6. 81%, the third . . . The average rate on a 30-year U S mortgage fell to 6 81% from 6 84%, marking its third consecutive weekly decline Rates on 15-year fixed-rate mortgages also eased to 5 96% from 5 97%, down from 6 13% a year ago