The real estate market reports that the 30-year mortgage interest rate in the United States has dropped to its lowest level in a month According to Golden Finance, on June 19th, as tensions in the Middle East eased and inflation concerns cooled, US mortgage rates fell to their lowest level in a month, providing a breathing space for homebuyers. On Thursday, Freddie Mac announced in a statement that the average interest rate for 30-year fixed rate mortgages has dropped from 6.52% a week ago to 6.47%. And a year ago, the interest rate was 6.81%. After experiencing a turbulent period of volatile borrowing costs, the spring housing sales season is coming to an end. Previously, mortgage interest rates had skyrocketed due to the Middle East conflict that erupted at the end of February. However, the announcement of a temporary peace agreement this week and the potential reopening of the Strait of Hormuz have pushed down crude oil prices, helping to alleviate upward pressure on mortgage rates. Spring sales have shown some unexpected resilience. The National Association of Realtors (NAR) announced on Wednesday that the number of second-hand home signings in May increased by 3.8%, although it remains at a historic low. This indicator is more forward-looking than sales volume, and the increase in contract volume indicates that homebuyers may be gradually adapting to higher interest rates. However, the affordability of purchasing a house remains an issue. According to a report by Redfin, the median monthly home payment in the United States rose to $2647 in the four weeks ending June 14, reaching its highest level in a year and only about $100 lower than the historical high set in 2023.