Currently, the average interest rate on a 30-year fixed mortgage is 6.86%, compared to 6.91% a week ago, according to the Mortgage Research Center. For borrowers who want to pay off their home faster,

The average rate on a 30-year mortgage in the U.S. eased for the fifth week in a row to its lowest level since late December, a welcome boost for prospective homebuyers in what’s traditionally the bus

The average rate fell to 6.87% from 6.89% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.12%, Freddie Mac said. Mortgage rates are influenced by several factors, including how the bond market reacts to the Federal Reserve’s interest rate policy decisions.