00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Mortgage rates fell to their lowest level of the year,
00:06offering potential relief to a U.S. housing market that remained weak
00:09through much of 2025, according to Bloomberg. The average rate on a 30-year fixed mortgage
00:15dropped to 6.15% this week from around 7% in January, according to Freddie Mac.
00:22Contract signings for existing homes rose for a fourth straight month in November
00:26and reached their highest level since early 2023, according to the National Association of Realtors.
00:32Economists said affordability constraints and limited inventory continued to weigh on buyers
00:37and sellers. Forecasts collected by Bloomberg Project, a modest rebound in 2026 sales,
00:43though activity would remain well below pre-pandemic levels.
00:47For all things money, visit Benzinga.com.
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