Mortgage Rates Drop Significantly

This is the largest weekly drop since 1982.

Mortgage rates dropped significantly, following a series of economic reports that hinted at a possible ease to inflation.

The 30-year fixed-rate mortgage averaged 6.61% in the week ending yesterday.

The average is down from 7.08% the week before.

This is the largest weekly drop since 1982.

A year ago, the 30-year fixed-rate stood at 3.1%.