From Yahoo Finance: 2025-06-12 12:03:00

The average rate on a 30-year U.S. mortgage fell slightly for the second consecutive week to 6.84%, down from 6.85%. Mortgage rates are influenced by various factors, including the Federal Reserve’s decisions and bond market expectations. The 10-year Treasury yield was at 4.38%.

High mortgage rates have impacted the housing market, contributing to a sales slump since 2022. Last year, sales of existing U.S. homes dropped to their lowest levels in nearly 30 years, with April sales hitting a low not seen since 2009. Rising rates have dampened sales despite a recent increase in mortgage applications.

Pending home sales in the U.S. fell 6.3% in April from March, indicating a potential slowdown in completed sales in the coming months. Economists predict stable mortgage rates between 6% and 7% for the rest of the year. The average rate for 15-year fixed-rate mortgages decreased to 5.97% from 5.99%.



Read more at Yahoo Finance: Average long-term US mortgage rate ticks down to 6.84% this week, a second straight small decline