Average long-term US mortgage rate drops to 6.19%, lowest level in more than a year

The average long-term mortgage rate fell to 6.19% from 6.27% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.54%. This is the third straight weekly decline and it brings the average rate to its lowest level since Oct. 3, 2024, when it was 6.12%. Borrowing costs...

Redirecting to full article...