The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a welcome trend for prospective homebuyers during what's typically a less competitive time of the year for the housing market.

The national average 30-year-fixed mortgage rate dropped for the third consecutive week, according to Freddie Mac’s latest Primary Mortgage Market Survey (PMMS). The 30-year fixed-rate mortgage averaged 6.

Long-term mortgage rates were down for the third consecutive week, but affordability issues persisted, according to the latest Freddie Mac Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 6.

After sinking most of the last three weeks and dipping to a 7-week low, 30-year mortgage rates have ticked up slightly. Rates moved higher for many other loan types as well.

U.S. mortgage rates dropped to the lowest level in nearly two months this week, a trend that if sustained could boost home sales in the coming months.

Average rate on 30-year mortgage hits 6.6%, its lowest level since late October and the third straight weekly decline