Real Estate
Mortgage Rates in US Decrease to Lowest Point Since February
- Expectations of a Fed cut has helped market, economist says
- Affordability challenges have weighed on buyers recently
Homes in Seattle, Washington.
Photographer: David Ryder/BloombergThis article is for subscribers only.
Mortgage rates in the US fell to the lowest in six months, helping to ease the housing affordability crunch.
The average for a 30-year, fixed loan was 6.73%, down from 6.78% last week, Freddie Mac said in a statement Thursday.