Real Estate
Mortgage Rates in US Drop for First Time in More Than a Month
- Average on a 30-year fixed-rate mortgage dropped to 6.96%
- Affordability is still challenged as home prices climb
A realtor locks the door following an open house at a home in Seattle, Washington.
Photographer: David Ryder/BloombergThis article is for subscribers only.
US mortgage rates declined for the first time since the middle of December, dipping below 7%.
The average for 30-year loans slipped to 6.96%, down from 7.04% last week, Freddie Mac said in a statement.