US mortgage rate shift: 30-year home loan eases to 6.72¯ter Fed decision; housing demand stays weak
US mortgage rates saw a slight dip this week, with the 30-year fixed rate averaging 6.72%, a marginal decrease from the previous week. Despite this minor decline, the housing market remains sluggish due to elevated home prices and borrowing costs. Experts anticipate rates may ease slightly by year-end, but uncertainty persists, impacting homebuyer decisions and keeping the market subdued.
US mortgage rates saw a slight dip this week, with the 30-year fixed rate averaging 6.72%, a marginal decrease from the previous week. Despite this minor decline, the housing market remains sluggish due to elevated home prices and borrowing costs. Experts anticipate rates may ease slightly by year-end, but uncertainty persists, impacting homebuyer decisions and keeping the market subdued.
