Mortgage Rates, Gas Prices, and Interest Rates Drop – Here’s Why
Mortgage rates have actually decreased a bit recently, dropping to about 6.81% from 6.83% last week according to the latest data from Freddie Mac. This small but notable reduction happens to coincide with falling gas prices and also interest rates, creating what Treasury Secretary Scott Bessent has referred to as a more affordable economic environment right now. These changes are already starting to impact the housing market and everyday consumer finances in several ways. JUST IN: Treasury Secretary Bessent says "Interest rates are down, mortgage rates are down, gasoline and energy prices are down, and we're expecting further decreases." pic.twitter.com/LA7In0wkwN — Watcher.Guru (@WatcherGuru) April 29, 2025 Also Read: China Exempts Key U.S. Goods From 125% Tariff—What’s on the List? How Lower Mortgage Rates, Gas Prices, and Interest Rates Impact You Source: Watcher Guru Mortgage Rates Show Modest Relief Source: Investopedia The latest mortgage rates have provided positi...