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26.06.202516:05:53UTC+00US 30-Year Mortgage Rate Eases for 4th Consecutive Week

As of June 26th, the average rate for a 30-year fixed mortgage backed by Freddie Mac decreased by 4 basis points from the previous week, bringing it down to 6.77%. This continues its decline from the peak reached nearly four months ago, observed just four weeks prior. According to Sam Khater, Freddie Mac’s chief economist, "Borrowers can take solace in the consistency of mortgage rates, which have only varied within a narrow 15-basis point range since mid-April." Although recent figures indicate low home sales, this results in greater availability in inventory, offering potential homebuyers a broader array of choices when entering the market.

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