US mortgage rates have dropped for the fourth consecutive week, reaching their lowest point this year. The average rate for 30-year loans decreased to 6.87%, down from 6.89% last week, according to Freddie Mac. This marks a significant drop in borrowing costs, providing relief for homebuyers and homeowners looking to refinance or take out new loans.
Source: https://www.bloomberg.com/news/articles/2025-02-13/us-mortgage-rates-slip-for-a-fourth-week-reaching-a-2025-low