Mortgage Rate Reaches Lowest Level Since June

The decline marks the eighth consecutive week mortgage rates have dropped.

Mortgage rates have reached the lowest level since June.

After dropping under 7% last week for the first time since August, rates decreased again this week.

The 30-year fixed-rate mortgage rate fell to an average of 6.67% this week which is down from 6.95% last week.

The average 30-year fixed-rate stood at 6.27% this time last year.

The decline marks the eighth consecutive week mortgage rates have dropped.