WASHINGTON (Reuters) – U.S. homebuilding fell for a second straight month in June and permits dropped to a two-year low,

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WASHINGTON (AP) â” U.S. long-term mortgage rates fell this week. It was the seventh decline in the past nine weeks for the key 30-year, fixed-rate loan, which reached its lowest level since November.

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Treasury Market and Mortgage Rates Mortgage rates generally rise and fall along with yields on Treasury securities, which reflect the overall direction of interest rates. Yields on 10 and 30-year Treasury securities are typically used to set long-term mortgage rates.

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Mortgage rates hit their lowest levels since November 2016 on the heels of the Federal Reserve meeting last week. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate.