US mortgage costs eased again at the start of September. Freddie Mac's survey put the average 30-year fixed rate at 6.50% for the week ending 4 September, then 6.35% a week later, the lowest since last autumn and a sharp weekly fall.
Refinance interest picked up as borrowers moved to lock deals. Whether the downtrend endures now hinges on inflation and the Federal Reserve's 16–17 September policy meeting.
