The average 30-year fixed-rate U.S. mortgage dropped to 6.67% during the week ending Dec. 21, revealed new data from mortgage giant Freddie Mac.
The average rate stood at 6.95% the previous week.
Meanwhile, the average 30-year fixed-rate mortgage was at 6.27% one year prior.
“Lower rates are bringing potential homebuyers who were previously waiting on the sidelines back into the market,” said Freddie Mac Chief Economist Sam Khater.
