Mortgage rates hit lowest level in more than a year (XLRE:NYSEARCA)
Seeking Alphaยท2025-10-23 16:16
Core Insights - Mortgage rates have decreased, reaching the lowest level in over a year, indicating a potential shift in the housing market dynamics [2] Group 1: Mortgage Rate Trends - The average rate for 30-year fixed-rate mortgages is now 6.19% as of October 23, down from 6.27% the previous week [2] - This represents a decline from 6.54% compared to the same period last year, showcasing a significant reduction in borrowing costs for homebuyers [2]