US Mortgage Rates Dip Slightly to 6.63%, Offering Hope to Homebuyers Mortgage rates in the United States have seen a modest decrease, offering a glimmer of hope to the housing market. According to Freddie Mac, the average rate for a 30-year fixed mortgage dipped to 6.63%, down from 6.69% the previous week. This slight reduction marks a return to a downward trend in borrowing costs, although significant relief for prospective homebuyers might still be some distance away. The Federal Reserve has maintained a steady approach to interest rates since July, with Fed Chair Jerome Powell indicating that while there is openness to rate cuts within the year, more economic data is needed before such actions can be undertaken. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Crude Market Heats Up: WTI Climbs 3.3% as Supply-Demand Gap Narrows READ MORE Economic Confidence at Odds: Strong Indicators vs. American Pessimism READ MORE Gold and Silver Set to Soar? Impact of Interest Rate Cuts Explained | Tavi Costa & Alan Hibbard READ MORE Historical Data Challenges Assumptions About Rate Cuts and Market Gains READ MORE Mortgage Rate Decline Prompts Spike in Refinancing Applications READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment