US 30-year mortgage rate slides to 11-month low, MBA data shows
Yahoo Finance·2025-09-10 19:07
(Reuters) -The interest rate on the most popular U.S. home loan dropped by the most in six months last week after a weak employment report drove benchmark Treasury bond yields down in anticipation of a Federal Reserve rate cut at its meeting next week. The Mortgage Bankers Association on Wednesday said the contract rate on a 30-year, fixed-rate mortgage dropped 15 basis points in the week ended September 5 to 6.49%, the lowest since last October. With the latest decline, the rate has dropped by 60 basis ...