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US mortgage rates decline to 6.74%, easing borrowing costs

1 min read
Source: ABC News
US mortgage rates decline to 6.74%, easing borrowing costs
Photo: ABC News
TL;DR

The average 30-year US mortgage rate slightly decreased to 6.74%, but remains high, contributing to a sluggish housing market with record-high home prices and low sales, as elevated borrowing costs discourage homeownership and selling.

Topics:top-newsbusiness#business#freddie-mac#homebuying#interest-rates#mortgage-rates#us-housing-market
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  1. Average long-term US mortgage rate eases to 6.74%, keeping home loan borrowing costs elevated  ABC News
  2. Mortgage rates inch lower this week  Fox Business
  3. Mortgage and refinance interest rates today, July 24, 2025: Rates continue their downward trend  Yahoo Finance
  4. Mortgage Rates in US Inch Down, Sending 30-Year Loans to 6.74%  Bloomberg.com
  5. Mortgage Rates Dip To Lowest Level In Three Weeks  Bankrate

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