US Mortgage Rate at 6.18%... Declines for 5 Consecutive Weeks

[Asia Economy Reporter Geum Bo-ryeong] According to the Mortgage Bankers Association (MBA) of the United States, on the 8th (local time), the average 30-year fixed mortgage rate in the U.S. recorded 6.18%, down 0.01 percentage points from the previous week. The mortgage rate has been declining for five consecutive weeks since it reached 6.58% on the 4th of last month.

Photo by Bloomberg News