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The Independent UK
The Independent UK
National
Matt Ott

Average long-term US mortgage rates come back down to 6.6%

United States Housing Market the Federal Reserve US Federal Reserve
Copyright 2022 The Associated Press. All rights reserved

The average long-term U.S. mortgage inched back down this week after five straight weeks of increases, good news for homebuyers as the housing market's all-important spring buying season gets underway.

Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate slid back to 6.60% from 6.73% last week. The average rate a year ago was 4.16%.

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