[U.S. Mortgage Rates Drop to Lowest Level Since Last October, Buyers Begin to Enter on Dips] According to a report by Golden Finance, Freddie Mac stated on Thursday that the average rate for a 30-year fixed mortgage in the U.S. last week was 6.19%, marking the second consecutive week of decline and reaching the lowest level since late October last year. The previous week’s rate was 6.23%, while the average rate a year ago was 6.69%. Despite economic pressures weighing on homebuyers, purchasing activity remains sluggish. However, as rates drop closer to the 6% level, some individuals have shown greater interest. Data from the Mortgage Bankers Association of America indicates that mortgage purchase applications rose by 2.5% in the week ending November 28, reaching the highest level since early 2023. Joel Kan, the association's deputy chief economist, stated, 'Although cooling home price growth and increased inventory have brought some buyers back to the market, the overall economic outlook remains uncertain, leading to mixed weekly results.'