Average US long-term mortgage rate dips to where it was 3 week ago, just above 6%

Mortgage Rates Overview - The average long-term U.S. mortgage rate is currently just above 6%, specifically at 6.09%, down from 6.11% last week and significantly lower than the 6.87% average from a year ago [1] - The 15-year fixed-rate mortgage average has also decreased to 5.44% from 5.5% last week, compared to 6.09% a year ago [2] Influencing Factors - Mortgage rates are affected by various factors including the Federal Reserve's interest rate policies and bond market investors' expectations regarding the economy and inflation [3] - The 10-year Treasury yield, which serves as a benchmark for pricing home loans, has decreased to 4.13% from 4.21% a week prior [3]