Indicators

Mortgage Rates in the US Fall for a Fourth Week, Hitting 6.77%

Residential homes in Hercules, California.

Photographer: David Paul Morris/Bloomberg

Mortgage rates in the US fell for a fourth straight week.

The average for 30-year, fixed loans was 6.77%, the lowest since early May and down from 6.81% last week, Freddie Mac said in a statement.