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Mortgage rates dip slightly for the first time in six weeks, but remain steeper than last year
The average long-term U.S. mortgage rate has dropped to 6.67%, marking the first decrease in six weeks. Despite this slight dip, rates remain higher than last year, impacting homebuyers' purchasing power and slowing sales in July.
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The average long-term U.S. mortgage rate has dropped to 6.67%, marking the first decrease in six weeks. Despite this slight dip, rates remain higher than last year, impacting homebuyers' purchasing power and slowing sales in July.
Full story and more reels: https://newsreel.video #news #breaking #mortgage #realestate #economy
Originally reported by AP News.
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