U.S. 10-year Treasury note
Coverage of U.S. 10-year Treasury note in the Nexus archive.
- Average US long-term mortgage rate falls to 6.48%, retreating from its highest level in 9 months
The average U.S. 30-year fixed mortgage rate fell to 6.48% from 6.53% last week, marking a retreat from its nine-month high. The decline follows rising rates linked to the war in the Middle East, which has driven oil prices and inflation fears upward, though rates remain above the 6% threshold seen in late February. Housing market activity remains sluggish due to sustained high rates.
- Average US long-term mortgage rate falls to 6.48%, retreating from its highest level in 9 months
The average U.S. 30-year fixed mortgage rate decreased to 6.48% this week, down from 6.53% the previous week, according to Freddie Mac. The rate remains below its level from a year ago (6.85%) but has risen since late February. The decline is attributed to factors including oil price fluctuations due to the war with Iran, which influence inflation and bond yields.