The average rate on 30-year fixed home loans ticked down to 6.85% for the week ending June 5, down from 6.89% last week, according to Freddie Mac. Rates averaged 6.99% during the same period in 2024. “The average mortgage rate decreased this week, which is welcome news to potential homebuyers who also are seeing inventory improve and house price growth slow,” says Sam Khater, Freddie Mac's chief economist.” More: https://rltor.cm/c6oal5