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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.