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Story summary
- Freddie Mac reported 30-year fixed mortgage rates fell to 6.65%, down from 6.67% the prior week.
- Freddie Mac said 15-year fixed rates eased to 5.95% from 5.96%.
- The Treasury Department announced it will double its bond-buyback program in the coming months.
- Freddie Mac warned higher rates have limited homebuyers’ purchasing power and slowed U.S. home sales.
- The 10-year Treasury yield hovered near 4.7% Thursday, with recent 10-year auction at 4.683%.
