The US Treasury on Tuesday cut the size of some of its benchmark Treasury security invite tenders for a second week in a row, seeking to retain borrowing capacity under the statutory debt ceiling. The Treasury said it planned to issue a four-cycle Treasury security of $85 billion on Thursday, down $5 billion from the previous Treasury security offering of the same maturity. The Treasury also announced that it would issue an eight-cycle Treasury security of $80 billion on Thursday, which was also...
U.S. mortgage rates fell for the second straight week. Freddie Mac said Thursday that the average for 30-year fixed-rate mortgages in the U.S. was 6.69 percent, the lowest level since Oct. 24 and a further pullback from last week's 6.81 percent. However, borrowing costs remain well above September levels and real relief from stress may be a long way off. Real estate firm Redfin expects 30-year mortgage rates to remain fairly close to 7 percent throughout 2025.
U.S. mortgage rates fell for the second straight week. Freddie Mac said in a statement Thursday that the average level for 30-year fixed-rate mortgages was 6.69 percent, the lowest since Oct. 24 and down from last week's 6.81 percent. Borrowing costs remain well above September levels and real relief from stress may be a long way off. Redfin Corp. expects 30-year mortgage rates to remain fairly close to 7 percent throughout 2025.