USA: 30-Year Mortgage Rate Eases.

The average rate on a 30-year fixed mortgage eased to 6.09% as of February 12th, after loosely rising for three straight week from the lowest level since September 2022 of 6.06%, according to data from Freddie Mac. “Bolstered by strong economic growth, a solid labor market and mortgage rates at three-year lows, housing affordability continues to measurably improve. These factors have caught the attention of many prospective homebuyers, driving purchase application activity higher than a year ago,” said Sam Khater, Freddie Mac’s chief economist.