Mortgage Rates Drop For Third Consecutive Week
The standard 30-year fixed-rate mortgage average now sits at 6.94% which is down from last week's average of 7.02%.
Mortgage rates have dropped for the third consecutive week. The standard 30-year fixed-rate mortgage average now sits at 6.94% which is down from last week’s average of 7.02%. This marks the lowest level since early April and below the key 7% threshold. Mortgage rates track the benchmark 10-year U.S. Treasury yield, which moves in anticipation of the Federal Reserve’s decisions…