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Business & Economics

Average rate on 30-year mortgage eases for second week in as row, but remains just below 7%

Associated Press News
Summary
Nutrition label

86% Informative

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 .

Mortgage rates are influenced by several factors, including how the bond market reacts to the Federal Reserve’s interest rate policy decisions.

VR Score

93

Informative language

94

Neutral language

74

Article tone

formal

Language

English

Language complexity

41

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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