The average US rate of mortgage declines for 30 years to 6.64 % for the second decrease in two weeks

The average mortgage price has decreased for 30 years in the United States for the second week in a row, which is a modest but welcomed batch for potential home shoppers in the middle of the home spring season.

Freddy Mac Freddy Mac said on Thursday that the rate fell to 6.64 % of 6.65 % last week. A year ago, the average rate reached 6.82 %.

It has been average average often less since it reached a little more than 7 % in mid -January. When the mortgage rates decrease, it enhances the power of buying home buyers.

The costs of borrowing on the 15 -year -old mortgages of mortgages, which are popular with homeowners that re -finance their household loans, as it decreased this week, which led to a decrease in the average rate to 5.82 % of 5.89 % last week. Freddy Mac said it was a year ago, average 6.06 %.

Real estate mortgage rates are affected by factors, including the expectations of the investors of the bond market for inflation in the future, the global demand for US Treasury bonds and federal reserve interest policy decisions.

The total decrease this year in the average real estate mortgage rate for 30 years follows a loose move in the treasury return for a period of 10 years, which the lenders use as a guide to provide household loans.

The return, which was close to 4.8 % in mid -January, has often decreased, amid signs that the economy is slowing down and worries that Definitions The Trump administration can hurt the imported goods from all over the world Economic growth and Fuel enlargement.

The return slipped to 4.06 % on Thursday A sharp sale in Wall Street After the latest and most severe in the White House Drivers shot Expectations between bond investors feed that the Federal Reserve may have to reduce the main interest rate if the economy is disturbed.

Joel Burner, chief economist in RealTor.com, said: “The 10 -year treasury has decreased further that morning as investors come out of the stock market, so the mortgage rates are likely to continue to decrease in the coming months as a result.” “This shock will feel the system in the housing market for the rest of the year.”

Recent expectations by economists generally called for housing to the average mortgage rate for 30 years to about 6.5 % this year.

Low mortgage rates can help stimulate home sales by making home ownership more affordable. At the same time, many Americans may postpone the purchase of a house if they are concerned about losing their job or achieving success on their stock portfolio during economic recession.

“It remains to see whether relief from mortgage rates will motivate buyers to move in 2025, or whether the broader economic conditions will slow down,” Burner said.

The housing market in the United States has been in a decline in sales since 2022, when mortgage rates began to climb from their lowest levels during the epidemic. Sales of the previous occupied American homes decreased last year The lowest level in nearly 30 years.