 Well, new homebuyers could be seeing some relief as they try to purchase a new home. CBS's Jason Brooks explains. Freddie Mac reports that the 30-year fixed mortgage rate declined last week to 6.89% from 6.96% the prior week. That's still above what mortgage rates were averaging a year ago at this time, and elevated rates have made things only harder for prospective homebuyers, as home prices have also surged to record highs in 2024, chipping away at homebuyer affordability.