US 30-year mortgage rates fall to lowest level since October
U.S. mortgage rates fell for a second straight week. Freddie Mac said on Thursday that the average level of 30-year fixed-rate mortgages in the U.S. was 6.69 per cent, the lowest level since October 24 and a further drop from last week's 6.81 per cent. However, borrowing costs remain well above September levels and may be far from real pressure relief. Real estate firm Redfin expects 30-year mortgage rates to remain fairly close to 7 per cent throughout 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Warning from Cryptocurrency Trading Company QCP Capital: “If This Happens, the Rally Will End!” Here Are the Details
JPMorgan Adjusts Price Target on Workday to $225 From $190, Maintains Overweight Rating
KeyBanc Adjusts Price Target on Workday to $215 From $158, Maintains Overweight Rating
Market Chatter: Qualcomm Urged by Vietnam to Expand AI, Chip Investments