Average 30-year U.S. Mortgage Rate Falls to 6.47% Amid Lower Bond Yields
The average 30-year fixed-rate mortgage in the U.S. dropped to 6.47%, down from 6.52% last week, as bond yields declined following a tentative agreement between the U.S. and Iran to end their conflict. The easing of geopolitical tensions has helped reduce inflationary pressures on oil prices.
