US mortgage rates edged down last week as sellers struggled to find buyers,
Freddie Mac data showed. The average 30-year fixed rate fell to 6.48% from 6.53%
the prior week and 6.85% a year earlier. Uncertainty from the Iran conflict has
lifted inf expectations and kept borrowing costs elevated, putting the peak
selling season under pressure. Nationwide inventory growth is outpacing demand,
leaving many sellers unable to attract bids, and high fuel and living costs are
dampening buyers’ willingness to push prices, Redfin said.
