US Mortgage Rates Decline to 6.69%, Lowest Since Mid-October
The contract rate on a 30-year mortgage decreased 17 basis points, the biggest weekly slide since August.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
US mortgage rates dropped to the lowest level since mid-October and spurred a financing flurry for home purchases during the week that included the Thanksgiving holiday.
The contract rate on a 30-year mortgage decreased 17 basis points, the biggest weekly slide since August, to 6.69% in the week ended Nov. 29, according to Mortgage Bankers Association data released Wednesday.