Data from Freddie Mac shows that the U.S. 30-year fixed-rate mortgage fell from 7.18% to 7.11%, marking its fourth consecutive weekly decline and hitting a seven-week low. Meanwhile, the 15-year fixed rate dropped from 6.57% to 6.45%. Despite the moderation in borrowing costs, rates remain significantly higher than the same period last year—when the 30-year average was 6.24% and the 15-year average was 5.49%—keeping home affordability under heavy pressure.