Mortgage Rates Fall Under 7% as Buyers Face a 'Bittersweet Market'
Mortgage rates dipped below 7% this week, with the average rate for a 30-year fixed home loan falling from 7.03% last week to 6.99% for the week ending June 6, according to Freddie Mac.
Mortgage Interest Rates Today, June 9, 2024 | Rates Went Down Slightly Last Week
These are today's mortgage and refinance rates. Mortgage rates dropped slightly last week, but they inched up Friday in response to new jobs data.
Mortgage rates fall but only slightly as home prices continue rising
Interest rates for 15-year fixed-rate mortgages are also trending down but remain solidly in the 6% range. This week, 15-year rates fell to 6.29%, down from 6.36% last week. These rates remain slightly elevated compared to last year when 15-year FRMs averaged 6.07%.
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Mortgage rates dip below 7%. ‘Expect them to modestly decline over the remainder of 2024,’ Freddie Mac says.
Mortgage rates dipped below 7% in the latest week as the U.S. economy showed signs of slowing. The 30-year fixed-rate ...