February 12, 2025 – The US housing market continues to show signs of stability as the Mortgage Bankers Association (MBA) reports a slight decrease in the 30-year mortgage rate. As of the latest update, the rate stands at 6.95%, down from the previous figure of 6.97%.
This marginal dip, although minor, marks a positive shift in mortgage rate trends, which have been in flux due to ongoing economic factors affecting the US economy. With the decrease, borrowers may find a slight reprieve, potentially sparking increased activity in the housing market after months of static or rising rates.
Experts suggest that while this change is a step in the right direction for potential homebuyers, the overall impact will depend on broader economic indicators and fiscal policies in the coming months. Nonetheless, the current decrease could be an encouraging sign for those awaiting favorable conditions to finance their home purchases.
