💨 Abstract

The average U.S. 30-year mortgage rate eased slightly this week, dropping to 6.81% from 6.83%, but remains high compared to two months ago. The rate for 15-year mortgages also decreased. Mortgage rates are influenced by various factors, including global demand for U.S. Treasuries, the Federal Reserve's interest rate policy decisions, and bond market investors' expectations for future inflation.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖