Average 30-year US mortgage rate falls to 6.43%, its lowest level in seven weeks

The average 30-year U.S. mortgage rate fell to 6.43%, its lowest level in seven weeks, driven by hopes of ending the U.S.-Iran war and easing oil price pressures. The 15-year rate also declined to 5.79%, while the 10-year Treasury yield dropped to 4.46%. Despite lower rates, housing sales remain below historic norms due to ongoing uncertainty.