US Mortgage Rates Decline for Second Week, Slipping to 6.35%
- Average on 30-year, fixed loan is at lowest since May 2023
- Affordability pressures have stifled home transactions
Homes in San Marcos, Texas.
Photographer: Jordan Vonderhaar/BloombergThis article is for subscribers only.
Mortgage rates in the US fell for a second straight week.
The average for a 30-year, fixed loan was 6.35%, the lowest level since May 2023, Freddie Mac said in a statement Thursday. It dropped from 6.46% last week.