Mortgage Rates Continue to Decline for Third Consecutive Week.

Mortgage rates have dropped for the third consecutive week, providing some relief to potential homebuyers in a volatile interest rate market, according to Freddie Mac. Despite the recent decline in mortgage rates, market volatility may still be holding some would-be homebuyers back, as inventory challenges persist due to the low number of existing homes for sale. However, a recent rebound in single-family housing starts is an encouraging development that will hopefully extend through the summer.