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Business & Economics

Average rate on a US 30-year mortgage eases to 6.76%, its second straight weekly decline

Associated Press News
Summary
Nutrition label

85% Informative

The rate fell to 6.76% from 6.81% last week .

A year ago , the rate averaged 7.22% .

Mortgage rates are influenced by several factors, including global demand for U.S. Treasurys , the Federal Reserve’s interest rate policy.

VR Score

92

Informative language

93

Neutral language

75

Article tone

formal

Language

English

Language complexity

39

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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no affiliate links