Yulia Slavina

U.S. 30-year mortgage rate drops to 6.67 percent, Lance Lambert notes

U.S. 30-year mortgage rate drops to 6.67 percent, Lance Lambert notes
U.S. mortgage rate falls to 6.67 percent

Lance Lambert reports that the average 30-year fixed mortgage rate in the U.S. is currently 6.67 percent.

He also highlights that on the same day last year, the rate stood at 6.99 percent. The 10-year Treasury yield is at 4.59 percent, resulting in a spread of 208 basis points.

Earlier this year, Lambert reported the average 30-year fixed mortgage rate at 6.52 percent, with the 10-year Treasury yield as a reference point. He has also noted that homebuilders in Sun Belt markets took steps to halt the rise in unsold new-build inventory by increasing incentives and slowing new starts. These updates provide context on both borrowing costs and housing supply pressures.

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