Good news for people who want to buy a house! Mortgage rates, which is the interest you pay on a home loan, have gone down for the fifth week in a row. This means it might be a little cheaper to buy a home now. This is great news because buying a house can be expensive.
- Mortgage rates are lower than last week.
- This makes it a bit easier for people to buy homes.
- Home sales were really low last year, but this might help them go up again.
| Item | Number |
|---|---|
| Average 30-year mortgage rate this week | 6.85% |
| Average 30-year mortgage rate last week | 6.87% |
| Average 30-year mortgage rate last year | 6.9% |
