Workers construct new homes in a development on Tuesday, June 25, 2024, in Loveland, Colo. On Thursday, July 11, 2024, Freddie Mac reports on this week’s average U.S. mortgage rates. LOS ANGELES — The average rate on a 30-year mortgage fell slightly this week, a modest relief for home shoppers facing record-high home prices.
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell this week, pulling the average rate down to 6.17% from 6.25% last week. A year ago, it averaged 6.30%, Freddie Mac said.
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