Particle.news
Download on the App Store
12 ARTICLES
·
3w ago

U.S. Mortgage Rates Fall to 6.67% in Fifth Straight Week

Softer Treasury yields with steady Fed rates have driven borrowing costs lower, leaving further relief contingent on major policy or bond-market shifts.

FILE - This July 13, 2008, file photo, shows the Freddie Mac headquarters in McLean, Va. (AP Photo/Pablo Martinez Monsivais, File)
Mortgage refinancings are up.
Mortgage rates in US: A jumbo loan is a mortgage that's bigger than the loan limit set by the FHFA for that area.
The average rate for a 30-year fixed jumbo mortgage is 6.80%, down by 0.02%.

Overview

  • The average 30-year fixed mortgage rate declined to 6.67%, down from 6.77% a week earlier and marking the lowest level since mid-April.
  • The average 15-year fixed rate slipped to 5.80% from 5.89% in the prior week, extending a broader downward trend.
  • Refinance rates for 30-year loans edged up to 6.97% after early-April lows but remain near their recent trough.
  • State-level purchase rates vary widely, ranging from 6.50%–6.75% in the lowest-cost markets to 6.86%–6.94% in the highest.
  • Analysts warn that without significant shifts in Treasury yields or new Federal Reserve actions, substantial further rate declines are unlikely.