US Mortgage Rates Dip Slightly to 6.63%, Offering Hope to Homebuyers Mortgage rates in the United States have seen a modest decrease, offering a glimmer of hope to the housing market. According to Freddie Mac, the average rate for a 30-year fixed mortgage dipped to 6.63%, down from 6.69% the previous week. This slight reduction marks a return to a downward trend in borrowing costs, although significant relief for prospective homebuyers might still be some distance away. The Federal Reserve has maintained a steady approach to interest rates since July, with Fed Chair Jerome Powell indicating that while there is openness to rate cuts within the year, more economic data is needed before such actions can be undertaken. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Schroders Investment Insights: The Case for Gold in 2024 READ MORE Global silver production to grow by 4.1% in 2024, amid operation resumption READ MORE 56% of Americans can’t afford a $1,000 emergency expense: We are ‘living in a paycheck-to-paycheck nation,’ money expert says READ MORE Fed’s Powell: Elevated inflation will likely delay rate cuts this year READ MORE UAE Aims for Gold Standard in Online Trading Transparency READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
