Mortgage Rates Dip to 6.18 Percent as Home Sellers Outnumber Buyers

US NewsAmong the 50 most populous U.S. metropolitan regions, Austin, Texas, was the strongest buyer’s market last month.The weekly mortgage rate on a 30-year fixed-rate mortgage fell to 6.18 percent for the week ending Dec. 24 as the housing market continues to lean in favor of buyers.The 6.18 percent rate is the lowest level since late October and a slight decline from 6.21 percent the previous week, according to Freddie Mac data. The current rate is 0.86 percentage points below the yearly peak of 7.04 percent reached in mid-January.