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Mortgage rates dropped to their lowest level since June, officials say

Got some fresh good news about mortgage rates. Again, those numbers just dropped to their lowest level since June. This is according to Freddie Mac. Despite the drop though, uh, mortgage rates are still higher than this time last year. The average right now sits at about six and two thirds percent for a 30 year fixed rate mortgage. That is the lowest it's been since June. It marks eight straight weeks of mortgage rate declines. Now, of course, that's the financing end of it. Uh, this doesn't mean that us housing is cheap by any measure. Those dips in the mortgage rate have followed a period that had the least affordable housing market since the 19 eighties..

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