By ALEX VEIGA, AP Business Writer

The average rate on a 30-year U.S. mortgage has fallen to its lowest level in four months, welcome news for prospective homebuyers who have been held back by stubbornly high home financing costs.

Related Articles

AI searches gave scarily specific self-harm advice to users expressing suicidal intent, researchers find

AI is fast-tracking climate research

Inside the fringe movement teaching Americans to punish officials with fake debt claims

Wall Street drifts as stock markets worldwide take Trump’s new tariffs in stride

US applications for jobless benefits up modestly but remain at a healthy level

The long-term rate fell to 6.63% from 6.72% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.47%.

Borrowing costs on 1

See Full Page