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The Piney Point

The average 30-year US mortgage rate dips to 7.24%, the lowest level in more than a month.

The average 30-year US mortgage rate dips to 7.24%, the lowest level in more than a month.
Photo: KPRC 2 / Click2Houston (NBC) · view original

The average long-term U.S. mortgage rate declined for the second straight week, falling to its lowest level in more than a month. The benchmark 30-year fixed-rate mortgage fell to 7.24% from 7.32% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the average rate was 6.17%. Borro...

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