According to Freddie Mac, the 30-year mortgage averaged 6.78% in the week ending July 20, compared with 6.96% the previous week and 5.54% a year earlier.
The decline brings rates down from their highest since hitting 7.08% last fall.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
Estimated reading time: 0 minutes, 17 seconds
Mortgage Rates Drop to Lowest in Four Weeks
U.S. long-term mortgage rates have fallen amid signs of slowing inflation. So reports ABC News.
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