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The Independent UK
The Independent UK
National
Alex Veiga

Average long-term US mortgage rate falls to 6.67%, third straight drop since climbing to 2023 high

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 for the third time in as many weeks, a welcome boost for homebuyers facing a housing market that’s been held back this year by a tight inventory of homes for sale.

Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan fell to 6.67% from 6.69% last week. A year ago, the rate averaged 5.81%.

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