Mortgage Rates Decline to Seven-Week Lows

Recent data shows a consistent drop in rates for 30-year and 15-year fixed mortgages, influenced by easing inflation and economic conditions.

The average 30-year fixed mortgage rate fell to 6.83%, the lowest since March 29.
15-year fixed mortgage rates also decreased, now averaging 5.96%.
Freddie Mac's weekly survey reports a 7.02% average for 30-year fixed rates, down from 7.09% last week.
Economic factors, including lower inflation, are contributing to the recent decline in mortgage rates.
The Federal Reserve has maintained its benchmark rate, impacting overall financial conditions.