Average long-term US mortgage rates holds at 6.35% this week ahead of expected Fed rate cut
The average rate on a 30-year mortgage in the
The rate remained at 6.35% from last week, mortgage buyer
Before last week, the last time the average rate was this low was
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a lower rate, eased a little this week. The average rate fell to 5.47% from 5.51% last week. A year ago, it averaged 6.52%,
Signs of waning inflation and a cooling job market have raised expectations the
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