Economic DataShare on X
U.S. 30-year mortgage rate eases to 7.32 per cent from 7.40 per cent
Borrowers would need a sustained drop below 7 per cent to meaningfully revive purchase and refinance activity.
Published
Chart: US 30-year fixed mortgage rate
The rate was 7.40 per cent the week before.
Even this modest easing reduces pressure on housing affordability. A sustained drop below 7 per cent would be needed to meaningfully revive purchase and refinance activity.
If rates hold at or near this level, borrowing costs for homebuyers would ease heading into year-end.
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