THE AMERICA ONE NEWS
Jun 3, 2025  |  
0
 | Remer,MN
Sponsor:  QWIKET 
Sponsor:  QWIKET 
Sponsor:  QWIKET: Elevate your fantasy game! Interactive Sports Knowledge.
Sponsor:  QWIKET: Elevate your fantasy game! Interactive Sports Knowledge and Reasoning Support for Fantasy Sports and Betting Enthusiasts.
back  
topic
Boston Herald
Boston Herald
7 Mar 2025
Associated Press


NextImg:Average rate on a 30-year mortgage fell to 6.63%

Freddie Mac says the average rate on a 30-year mortgage fell to 6.63% this week, its lowest level since mid-December.

Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a lower rate, also eased this week. The average rate fell to 5.79% from 5.94% last week. A year ago, it averaged 6.22%, Freddie Mac said.

Mortgage rates are influenced by several factors, including bond market investors’ expectations for future inflation, global demand for U.S. Treasurys and the Federal Reserve’s interest rate policy decisions.

The recent decline in mortgage rates echoes moves in the 10-year Treasury yield, which lenders use as a guide for pricing home loans.