US mortgage rates drop to 6.5%, giving home buyers some relief.

The mortgage interest rates in the United States continue to decline, providing some relief for home buyers. According to Freddie Mac, the average interest rate for a 30-year fixed-rate mortgage has dropped to 6.5%, reaching a new low since October 17th last year, down from 6.56% last week. Over the past two months, mortgage rates have steadily fallen from the high of 7%. This downward trend may attract some hesitant home buyers to enter the market, but more people may still be waiting for larger rate cuts.