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Reuters

Reuters

Business

Business & Economics

US 30-year mortgage rate dropped last week, applications surged

Reuters
Summary
Nutrition label

78% Informative

The interest rate for the most popular U.S. home loan dropped to 6.61% last week , the lowest rate since October .

Mortgage applications increased by 20% to the highest level since September .

Mortgage rates closely track the 10-year Treasury note yield, which ended last week at a six-month low.

VR Score

90

Informative language

98

Neutral language

35

Article tone

formal

Language

English

Language complexity

55

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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