The Economic Times

Average long-term US mortgage rate eases to 7.32% in first pullback since late August

US mortgage rates eased for the first time since late August, with the average 30-year fixed rate falling to 7.32% from 7.40% last week, Freddie Mac said. The decline offers some relief to homebuyers, but borrowing costs remain elevated, with higher rates continuing to weigh on US home sales and demand.