For the third week…the average mortgage interest rate in America declined

Data from the American mortgage lender Freddie Mac released on Thursday showed that the average interest rate on 30-year mortgage loans declined during the current week to 6.6%, its lowest level since late last October, continuing the decline for the third week in a row.
Freddie Mac reported that interest rates fell this week to 6.6%, compared to 6.69% last week and 6.95% during the same period last year.

Real estate financing loans

At the same time, the interest rate on 15-year loans, preferred by homeowners who wish to refinance their existing loans to reduce interest, fell to 5.84% during the current week compared to 5.96% last week, and 6.38% during the same period last year, according to Freddie Mac.
The average interest rate fell to its lowest level since October 24, when it recorded 6.54%.

Real estate financing

It is noteworthy that it is affected by the yield rates on US 10-year Treasury bills, which lenders use to determine interest rates on mortgages.
Although the US central bank does not set real estate financing interest rates, its decisions and its impact on inflation affect the yield on US 10-year bonds.