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.

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 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 ...

U.S. 30-year mortgage rate falls to 6.81%, down for the third week in a row, offering slight relief to buyers amid a prolonged housing market slump.

With the latest decline, the average mortgage rate is now back to where it was in mid-May, reflecting a recent pullback in bond yields.