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The Independent UK
The Independent UK
National
Alex Veiga and Melissa Winder

Average long-term US mortgage rate falls to 6.35% this week, lowest level in 5 weeks

United States US Federal Reserve Freddie Mac Housing Market
Copyright 2023 The Associated Press. All rights reserved

The average long-term U.S. mortgage rate fell this week to its lowest level in five weeks, welcome news for house hunters looking for an edge as they navigate a housing market constrained by a near-historic low number of homes for sale.

Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan fell to 6.35% from 6.39% last week. The average rate a year ago was 5.30%.

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