India, June 17 -- The average interest rate on a 30-year fixed mortgage fell to 6.43%, making it the lowest level seen in about a month. Homebuyers looking at a 15-year mortgage also got some relief.

The average rate on a 15-year fixed mortgage fell to 5.62% on June 17, as per Mortgage Research Center. Jumbo mortgage rates moved lower as well. The average rate on a 30-year fixed jumbo mortgage dropped to 6.58%.

The decline continued a broader trend from last week. The average 30-year fixed mortgage rate stood at 6.57% last week, compared with 6.43% on June 17, extending the decline seen over the past week, as per Forbes report. Monthly payments on a typical 30-year mortgage remain expensive despite the rate drop.

Fifteen-year mortgage ...