Interest rates on 30-year fixed-rate mortgages declined on a weekly basis, with rates expected to remain around the 6.5 percent level for the major part of the year.
The average weekly rate on these mortgages was 6.64 percent for the week ended April 2, according to data from Freddie Mac. This is a decline from 6.65 percent in the previous week and was the second consecutive weekly drop in rates.
