From The Economic Times · AP · · 1m 10s
US Mortgage Rates Drop to 7.18% for Third Week
US mortgage rates fall to 7.18% for third straight week, easing homebuyers' pressure.
In brief
US mortgage rates fall to 7.18% for third straight week, easing homebuyers' pressure. The average US 30-year mortgage rate dropped to 7.18% this week, its third consecutive decline from 7.24% last week. Originally reported by The Economic Times.
US Mortgage Rates Decline
The average 30-year fixed-rate mortgage rate fell to 7.18% from 7.24% last week, according to Freddie Mac.
Third Consecutive Drop
This marks the third straight week mortgage rates have fallen, with the average rate dropping to 7.18% this week.
Year-Over-Year Comparison
The average rate was 6.22% one year ago, showing a decline from last year's level.
15-Year Mortgage Rates Fall
Borrowing costs on 15-year fixed-rate mortgages also dropped to 6.57% from 6.60% last week.
Year-Over-Year 15-Year Rate
The 15-year mortgage rate was 5.50% one year ago, indicating a steady decline trend.
Factors Influencing Rates
Mortgage rates are affected by inflation, Federal Reserve policy, and bond-market expectations for the economy.
10-Year Treasury Yield Drops
The 10-year Treasury yield fell to 4.84%, its lowest level in nearly two months, on Thursday.
The main idea
The average US 30-year mortgage rate dropped to 7.18% this week, its third consecutive decline from 7.24% last week.
/https://i.s3.glbimg.com/v1/AUTH_37554604729d4b2f9f3eb9ad8a691345/internal_photos/bs/2026/0/A/BKzGCvS1mwY8PA23HvwQ/foto04bra-201-roadmap-a2.jpg)
/https://i.s3.glbimg.com/v1/AUTH_37554604729d4b2f9f3eb9ad8a691345/internal_photos/bs/2026/x/j/aED8bBRrSIT2fK7mObbQ/foto05agr-101-ouro-b11.jpg)
