Mortgage rates in the U.S. fell for a fourth straight week.
The average for a 30-year, fixed loan was 6.09%, down from 6.13% last week, Freddie Mac said in a statement Thursday.
Mortgage costs have come down almost a full percentage point from their recent high, giving hope to some would-be homebuyers looking for a way into a deal. The bidding wars that marked the pandemic housing rally have cooled, and prices are expected to moderate further in the coming months. Still, with listings in short supply, affordability hurdles remain.
