Average 30-year US mortgage rate falls to 6.43%, its lowest level in seven weeks
Business
Finance
July 3, 2026
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The average long-term US mortgage rate fell this week to its lowest level since mid-May, easing borrowing costs for prospective homebuyers.
The benchmark 30-year fixed rate mortgage rate fell to 6.43 per cent from 6.49 per cent last week, mortgage buyer Freddie Mac said Thursday. One year ago, the average rate was 6.67 per cent.
The average rate has been mostly hovering around 6.5 per cent going back to mid-May and trending higher overall in the months since the war between the US and Iran began in late February, disrupting the flow of crude oil from the Persian Gulf to customers worldwide. That’s sent oil prices sharply higher, helping drive up inflation, bond yields and mortgage rates.
Business
Finance
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