Mortgage rates fell this week after President Donald Trump announced a two-week ceasefire between the U.S. and Iran, mortgage buyer Freddie Mac said Thursday.
Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage declined to 6.37% from last week’s reading of 6.46%.
The average rate on a 30-year loan was 6.62% a year ago.
The average rate on a 15-year fixed mortgage ticked lower to 5.74% from last week’s reading of 5.77%.
