Mortgage rates in the United States have been decreasing for the second consecutive week, capturing the attention of potential homebuyers. According to a statement from Freddie Mac, the average rate for 30-year fixed mortgages is now 6.64%, representing a slight decrease from 6.65% the previous week. At first glance, this may seem like a minor shift, but in the context of high home prices and economic volatility, even a small change can have significant implications.

Bellway Plc is one of the developers starting to notice positive changes in the UK housing market after a prolonged period of economic instability. Data released on Tuesday highlights some encouraging trends in private bookings and demand for housing.

In December 2024, sales of new single-family homes in the United States exceeded expectations, signaling a recovery in housing market activity by the end of the year. However, rising mortgage rates remain a limiting factor. According to a report published on Monday by the Department of Commerce, home sales in November were stronger than initially estimated. This aligns with other data showing that December witnessed increases in building permits for single-family homes and housing starts, reaching a 10-month high. Additionally, sales of previously owned homes rose to their highest level since February.