Mortgage rates have now fallen four weeks in a row, reflecting the recent pullback in bond yields. With the latest decline, the average rate is now at its lowest level since May 8, when it was 6.76%.

Mortgage demand fell to the lowest level since May, even as mortgage interest rates haven't moved at all. Consumers are concerned about the broader economy.

Analysts believe a modest drop in mortgage rates could prove to be a "magic bullet" for the U.S. housing market.

The average rate on a 30-year U.S. mortgage fell to its lowest level since early May, an encouraging trend for prospective homebuyers at a time when the U.S. housing market remains largely held ...

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 ...

The average rate on a 30-year U.S. mortgage fell to its lowest level since early May, an encouraging trend for prospective homebuyers at a time when the U.S. housing market remains largely held ...

The long-term rate fell to 6.77% from 6.81% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.86%. Borrowing costs on 15-year fixed-rate mortgages, popular with ...