Mortgage Rates Fall to Lowest Level since May

Mortgage rates have dropped to their lowest level since May as negotiations between the United States and Iran ease financial markets.

The average interest rate on a 30-year fixed mortgage stands at 6.43 percent, down from last week's rate of 6.49 percent, Freddie Mac data on Thursday showed.

Still, mortgage rates register above their level before the war with Iran. Prior to the U.S./Israel war with Iran in late February, a 30-year fixed mortgage clocked in at an average just below 6  percent.

Please select this link to read the complete article from ABC News.