US Mortgage Rates Ease From Highs, Falling for Second Week
- Average for a 30-year loan has been above 7% for four weeks
- Tight inventory in housing market has kept prices elevated
Homes in Elgin, Illinois.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
Mortgage rates in the US decreased for a second week in a row.
The average for a 30-year, fixed loan fell to 7.12% from 7.18% a week earlier, Freddie Mac said in a statement Thursday.