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Mortgage rates fall for first time in weeks after US-Iran ceasefire

Mortgage rates fell this week after President Donald Trump announced a two-week ceasefire between the U.S. and Iran, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage declined to 6.37% from last week's reading of 6.46%. The average rate on a 30-year loan was 6.62% a year ago.LOS ANGELES LEADS NATION IN MASSIVE POPULATION EXODUS AS ‘BREAKING POINT’ HITS GOLDEN STATEThe average rate on a 15-year fixed mortgage ticked lower to 5.74% from last week's reading of 5.77%.

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