Analysts believe a modest drop in mortgage rates could prove to be a "magic bullet" for the U.S. housing market.

The average rate on 30-year fixed home loans increased to 6.75% for the week ending July 17, up from 6.72% last week.

Mortgage rates today are steady, but loan demand fell 10% after recent rate increases. See what’s driving today’s trends.

Lower mortgage rates could significantly increase homeownership opportunities, particularly if rates fall to 6%. A drop in mortgage rates to 6% could add 5.5 million eligible homebuyers nationwide and ...

The average rate on 30-year fixed home loans increased to 6.72% for the week ending July 10, up from 6.67% last week.