1:01
The 30-year mortgage rate dropped to 6.23%, the lowest since mid-March, driven by ceasefire relief, Trump's political appointment, and falling Treasury yields. Homebuyers face cheaper borrowing costs as rates fall for the third straight week.
The 30-year mortgage rate dropped to 6.23%, the lowest since mid-March, driven by ceasefire relief, Trump's political appointment, and falling Treasury yields. Homebuyers face cheaper borrowing costs as rates fall for the third straight week.
6.2. It was 6.3 yesterday. To 6.23%, that's down from 6.3% last week, the third straight weekly drop and the lowest level since about mid-March. Let's also compare that to last year when rates were substantially higher, 6.81%. And now 15-year fixed-rate mortgages also sliding, averaging 5.58%, also a drop from a week ago. Now these are modest dips but meaningful. So why the decline? There's a few factors at play here, including relief about the extended ceasefire. Trump getting ready to put in his new guy. 10-year US Treasury yields. These declining mortgage rates mean cheaper borrowing costs for buyers during what's traditionally the busiest time of the year for house hunting. So if you were looking last year, you decided to wait until now, it's looking pretty good. It's looking better. It's so quite something that we're celebrating 6%. I know, right? Sign of like where we are right now. That's right. A lot of people missing like 2.5% less all during the pandemic. Um, all right, Andrew, thank you so much. Okay, so
