American mortgage rates to decline from 7%now to 6% by next year
American mortgage rates dropped for the fifth time in six weeks as Fed Rate-Cut expectations mount and homebuyers are starting to see slight signs of relief and ortgage rates in US have eased in recent weeks from more than 7%, where it hovered in April and May to less than 6.9% and it is expected to decline to 6% by the end of next year.