Freddie Mac Says 30-Year Mortgage Rate Hit a Four-Week Low of 6.30%

Mortgage rates hit 4-week low on Iran conflict news

This week's Freddie Mac mortgage rate survey shows rates at the lowest in four weeks, but homebuyers are giving mixed signals even with improved purchase power.

Freddie Mac says 30-year mortgage rate hit a four-week low of 6.30%

The 15-year fixed rate fell to 5.65%, while the 30-year rate was down from 6.83% a year ago, easing borrowing costs for spring homebuyers.

Mortgage Rates Today: 30-Year Fixed Holds Near One-Month Low, but Spring Buyers Stay on the Sidelines

U.S. 30-year fixed mortgage rates hovered near a four-week low Wednesday, with Mortgage News Daily reporting 6.32%, up 0.01 point. Refinance applications jumped 5.1% last week as rates eased, but purchase applications fell 1%, according to the Mortgage Bankers Association. Builder sentiment dropped to a seven-month low. The 10-year Treasury yield rose to 4.278% amid Middle East tensions. The post Mortgage Rates Today: 30-Year Fixed Holds Near On…