Mortgage Rates Decline 9 Basis Points in a Week
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币界网报道：Mortgage rates dropped for the second consecutive week, declining 9 basis points to 6.74% as of February 1, according to Freddie Mac. The dip follows a 6 basis-point decrease the prior week, offering slight relief amid persistent affordability challenges. While lower borrowing costs may spur demand, housing supply constraints continue to pressure prices. The 30-year fixed-rate mortgage remains nearly a full percentage point higher than last year’s 5.72% average, keeping monthly payments elevated. Economists note inflation and Fed policy will dictate future rate movements as the spring buying season approaches.
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