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Market Impact: 0.22

Mortgage rates fall for second consecutive week

Housing & Real EstateInterest Rates & YieldsEconomic Data
Mortgage rates fall for second consecutive week

Freddie Mac reported the average 30-year fixed mortgage rate fell to 6.65% this week from 6.67% last week (down 2 bps). The modest decline may slightly improve affordability at the margin but is unlikely to be a major market-moving catalyst by itself.

Analysis

Freddie Mac reported the average 30-year fixed mortgage rate fell to 6.65% this week from 6.67% last week (down 2 bps). The modest decline may slightly improve affordability at the margin but is unlikely to be a major market-moving catalyst by itself.

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mildly positive

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