Average US rate on a 30-year mortgage dips to 6.64% for the second drop in 2 weeks
- Freddie Mac reported on Thursday that the average U.S. 30-year mortgage rate fell to 6.64%.
- Mortgage rates are influenced by investor expectations and Federal Reserve policy.
- The rate has trended lower since January, providing a boost to home shoppers this spring.
- The rate was 6.64%, down from 6.65% last week and 6.82% a year ago.
- Lower rates may spur home sales, but economic conditions could slow the market in 2025.
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The average rate on a 30-year mortgage in the U.S. edged lower for the second week in a row, a modest but welcome boost for prospective home shoppers in the midst of the spring homebuying season.
Mortgage rates tick lower for second week in a row
Mortgage rates ticked lower this week, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell slightly to 6.64% from last week's reading of 6.65%. The average rate on a 30-year loan was 6.82% a year ago."Over the last month, the 30-year fixed-rate has settled in, making only slight moves in either direction," said S…

Average US rate on a 30-year mortgage dips to 6.64% for the second drop in 2 weeks
The average rate on a 30-year mortgage in the U.S. edged lower for the second week in a row, a modest but welcome boost for prospective home shoppers in the midst of the spring homebuying season.
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