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The average rate on a 30-year mortgage eased to 6.85% this week, Freddie Mac says, the 5th consecutive decline.

Mortgage rates fell for a fifth week in a row but remain elevated near 7%, Freddie Mac said on Thursday. The average rate on a 30-year fixed mortgage is 6.85%.

The average 30-year fixed-rate mortgage of 6.85% is just five basis points lower than the same time last year, following wider swings in the past 12 months.

The average rate on a 30-year mortgage in the U.S. eased for the fifth week in a row to its lowest level since late December, ...

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According to Freddie Mac’s benchmark survey, the rate on a 30-year fixed-rate mortgage averaged 6.85% for the week ending ...

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A year ago, it averaged 6.12%, Freddie Mac said. Mortgage rates are influenced by several factors, including how the bond market reacts to the Federal Reserve’s interest rate policy decisions. The ...

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