Long-term mortgage rates see biggest weekly fall in past year (XLRE:NYSEARCA)

Core Insights - Long-term mortgage rates experienced their largest weekly decline in the past year, indicating a significant shift in the mortgage market [2] - The average rate for 30-year fixed-rate mortgages was recorded at 6.35% as of September 11, down from 6.50% the previous week, but still higher than the 6.20% rate from the same week a year ago [2] Summary by Category - Mortgage Rates - The 30-year fixed-rate mortgage average decreased to 6.35% from 6.50% week-over-week [2] - Year-over-year comparison shows an increase from 6.20% [2]