(CNN)– Mortgage rates have tumbled for the second week in a row. They have fallen nearly a quarter of a percentage point over the past two weeks.
According to data from Freddie Mac on Thursday the 30-year fixed rate averaged 6.74% in the week ending on March 14.
That’s down from nearly 6.9% from the previous week.
But while rates are expected to continue to inch down in the next few month, home buyers shouldn’t expect a major drop.
Despite the recent dip, mortgage rates remain high as the market contends with the pressure of sticky inflation.