The average rate on a 30-year U.S. mortgage eased for the third week in a row, a welcome trend for prospective homebuyers at a time when elevated borrowing costs remain a drag on the housing ...

Business Average long-term US mortgage rate eases to 6.81%, the third consecutive weekly decline The long-term rate fell to 6.81% from 6.84% last week, mortgage buyer Freddie Mac said Wednesday.

The long-term rate fell to 6.81 percent from 6.84 percent last week, mortgage buyer Freddie Mac said Wednesday. A year ago, the rate averaged 6.87 percent.

The average rate on a 30-year U.S. mortgage eased for the third week in a row, a welcome trend for prospective homebuyers at a time when elevated borrowing costs remain a drag on the housing market.

The average rate on a 30-year mortgage has remained relatively close to its high so far this year of just above 7%, set in mid-January. The 30-year rate’s low point this year was in early April ...