Long-term mortgage rates see year-over-year decline

[Housing market interest rate concept]
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This week, long-term mortgage rates saw a year-over-year fall, the latest Freddie Mac Primary Mortgage Survey showed [https://seekingalpha.com/pr/20261207-mortgage-rates-move-down].

30-year fixed-rate mortgages averaged 6.30% as of October 9, down from 6.34% last week and 6.32% in the same period a year ago.

15-year fixed-rate mortgages averaged 5.53%, compared to 5.55% in the prior week and 5.41% a year ago.

"Mortgage rates decreased this week. Over the last few weeks, mortgage rates have settled in at their lowest level in about a year," said Sam Khater, Freddie Mac's chief economist.

"There is growing evidence that homebuyers are digesting these lower rates and gradually are willing to move forward with buying a home, which is boosting purchase activity," said Khater.

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