【U.S. mortgage rates have declined to their lowest level since October of last year】Golden Finance reports that U.S. mortgage rates have fallen for the fourth consecutive week, reaching their lowest point since last October. Freddie Mac stated in a release that the average rate for a 30-year fixed mortgage is 6.58%, down from 6.63% last week. The Federal Reserve's interest rate cuts do not guarantee a significant reduction in borrowing costs for homebuyers. These indicators often follow the trends of the 10-year U.S. Treasury yield, which is guided by traders' reactions to various economic reports. Carla Wu, a senior economist at Zillow Home Loans, said, "Any further signs of tariffs penetrating prices could limit the Fed's flexibility. The recent decline in mortgage rates may attract some shoppers, but many still remain cautious as affordability remains a serious barrier. The number of sellers returning to the market this year has exceeded that of buyers, but they are faced with the reality that available listings are slow to come to market, and the number of qualified buyers is also decreasing."
