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International Business Times UK
International Business Times UK
David Unyime Nkanta

US Mortgage Rates Drop Below 7% for First Time This Month – Is Now the Time to Buy?

United States Lisa Sturtevant
US mortgage rates fall below 7% threshold since the year's start. (Credit: Pixabay/Pexels.com)

According to Freddie Mac, the average rate for a 30-year fixed mortgage in the United States has dipped to 6.85%, marking its first decline in a month.

This market drop marks a key point for real estate investors as mortgage rates fall below the 7% threshold for the first time since mid-January.

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