Mortgage Rates Officially Hit 2 Week Lows
We were close yesterday and we officially arrived today. Mortgage rates may still be elevated compared to almost all of the past 10 months, but they're the lowest they've been since May 14th.
This was accomplished with a modest drop versus yesterday's levels after another round of news on a potential U.S./Iran peace deal. This morning's inflation data also helped the underlying bond market find its footing.
In terms of nuts and bolts, top tier 30yr fixed rates fell to 6.59% for the average lender, down from 6.61% yesterday and from 6.75% last Tuesday. [thirtyyearmortgagerates]Categories
Recent Posts
Trump will let bipartisan housing bill become law without signing
Fed minutes: Officials deeply divided over future path of U.S. inflation
Hurricane season now envisioned ‘well below normal’
Average 30-year U.S. mortgage rate rises to 6.49%
Report: LGBTQ+ Gen Z buyers may face longer path to ownership
Future homebuyers cite prices, payments as top barriers
Rates Recover Modestly
Help buyers look beyond rates
Realtors dive into ‘Clean Up Florida Waters’
Affordability drives buyers toward suburbs, outer-ring communities
