According to Freddie Mac's latest report, mortgage rates have decreased for the third consecutive week, remaining in the high-6% range. The average rate for a 30-year fixed mortgage dropped to 6.87% from 6.95% the previous week, while the rate for a 15-year fixed mortgage decreased to 6.13% from 6.17%. These rates are slightly higher compared to a year ago, when the average rate for a 30-year loan was 6.67% and for a 15-year loan was 6.03%. This news suggests that now may be a favorable time for potential homebuyers to lock in a lower rate. It's important for consumers to stay informed about these trends in order to make informed decisions about their mortgage options.