Mortgage rates tumble for the second week in a row

(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.