The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a smidgen of relief for prospective home shoppers getting into the market before the busy spring homebuying season starts.

Mortgage rates fluctuate daily, so a little volatility can always be expected. On Monday, the average rate on a 30-year fixed mortgage was around 6.96%, according to Bankrate data, which is 0.15% lower than January's peak of 7.11%. But February could see more turbulence than usual.

If you're one of many homeowners who chose an ARM to escape the fixed-rate mortgage climb starting in 2022, you might be eyeing a refinance. Here's what you need to know about converting your adjustable-rate mortgage.

The average rate on a 30-year mortgage in the U.S. eased for the second week in a row, but remains just below 7%, little relief for prospective home shoppers looking ahead to the spring homebuying season.

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Mortgage rates in the US dropped for a third straight week,

The rate on a 30-year fixed refinance decreased to 6.93% today, according to the Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.89%. For 20-year mortgage refinances,

Mortgage interest rates have fallen to their lowest point since mid-December, and have remained under 7% for the third consecutive week. The average rate on a 30-year fixed-rate mortgage fell

The average 30-year fixed-rate mortgage dropped to 6.89 percent in the first week of February, per Freddie Mac.

Freddie Mac reports its Primary Mortgage Market Survey shows the 30-year fixed-rate mortgage averaged 6.89%, pulling back from the 7% level. “The 30-yea