Mortgage rates down for fourth straight week (XLRE:NYSEARCA)

Core Insights - Mortgage rates have decreased for the fourth consecutive week, indicating a trend that may influence homebuyer activity [2] - The average rate for 30-year fixed-rate mortgages is now 6.17%, down from 6.19% last week and significantly lower than 6.72% a year ago [2] - The average rate for 15-year fixed-rate mortgages is 5.41%, a decrease from 5.44% the previous week and down from 5.99% a year ago [2] - Freddie Mac's chief economist, Sam Khater, noted that lower rates have encouraged more homebuyers to enter the market [2]