Mortgage Rates in US Fall to Lowest Since May, Dropping to 6.61%
- Housing market is seeing ‘nascent’ rebound, economist says
- Borrowing costs have pulled back since early November
Prospective buyers attend an open house at a home in San Francisco, California.
Photographer: Michaela Vatcheva/BloombergThis article is for subscribers only.
Mortgage rates in the US continued their decline, ending the year at the lowest level since May.
The average for a 30-year, fixed loan was 6.61%, down from 6.67% last week, Freddie Mac said in a statement Thursday.