The average rate in the 30-year mortgage in the United States is 6.76%, second straight weekly

The middle rate of 30 years of mortgage in the United States has become easier again this week, when this is a modest relief for promising home buyers Traditionally the busiest time of the year for the housing market.

Last week fell from 6.81% to 6.76%, Mortgage recipient Freddie Mac Thursday. A year ago the rate is 7.22% of the average.

Borrowing expenses on 15 years of fixed mortgage loans have become popular with their recommendators. Last week, the average interest rate fell from 5.94% to 5.92%. A year ago, fell below 6.47%, Freddie said Mac.

Mortgage prices are a few factors, including global demand for the US Treasury, the decisions of the Federal Reserve’s interest rate policy decisions and the future inflation expectations of the bond market investors.

When the mortgage ratio is reduced, they help increase the buying power of the house.