Real Estate
US Mortgage Rates Fall for Second Week, Easing Strain on Buyers
- Average for 30-year loans drops to 6.77%, lowest since March
- Homebuyers have yet to respond to lower costs, economist says
Buyers are also benefiting from an increase in supply, with total listings near the highest level in almost four years, Redfin said.
Photographer: Yuki Iwamura/BloombergThis article is for subscribers only.
Mortgage rates in the US dropped for a second straight week.
The average for a 30-year, fixed loan was 6.77%, the lowest since mid-March and down from 6.89% last week, Freddie Mac said in a statement Thursday.