Key facts
- The average 30-year fixed-rate home loan stood at 7.11 percent, according to the report.
- The report says the rate level is pushing buyers and sellers to the sidelines until conditions improve.
The average rate on a 30-year fixed-rate US home loan fell slightly to 7.11 percent, according to a report that did not date the figure or give the prior level it fell from.
The report said the rate was pushing buyers and sellers to the sidelines until conditions improve. It gave no further detail on sales, listings or lender pricing.