Month: July 2024

Mortgage rates are fluctuating within a lower range.

The Latest Mortgage Rate Update On Tuesday, mortgage rates remained relatively stable, with a slight increase observed. The 30-year fixed-rate average inched up by 4 basis points to 7.93%. This small uptick follows a significant drop last week, with rates…

30-year mortgage rates have fallen for four consecutive days, reaching a five-week low.

Today’s Mortgage Rate Trends: New Purchase and Refinancing In the past four days, 30-year mortgage rates have seen a significant drop, reaching a new low of 7.82%, the lowest level since late September. Rates for both new purchase and refinancing…

30-year mortgage rates have decreased by 0.1 point.

Mortgage Rate Update: June 3, 2024 Mortgage rates experienced a slight decline on Wednesday after a recent uptick, with 30-year mortgage rates now averaging 7.54%. Various mortgage types also saw reductions in their rates, offering homeowners the opportunity to explore…

Mortgage rates for 30-year loans decrease for the second consecutive day

Mortgage Rate Update: June 3, 2024 After experiencing a notable increase last week, mortgage rates have shown a downward trend, with rates on 30-year mortgages dropping by 15 basis points to reach an average of 7.50%. This decline follows a…

Mortgage rates rise slightly.

Understanding Mortgage Rate Trends Recent Trends in Mortgage Rates After reaching a five-month peak last week, 30-year mortgage rates have stabilized slightly below the highest point. The current national average stands at 7.57%, with rates for various mortgage types seeing…

30-year mortgage rates have been fluctuating within a range below their most recent high.

After reaching a five-month high just last week, 30-year mortgage rates have now experienced a slight decrease and are fluctuating below their recent peak. As of Monday, the 30-year average stands at 7.52%, with rates for various other new purchase…

Mortgage rates are slightly lower than the recent highs.

National Averages of Lenders’ Best Mortgage Rates Last week, 30-year mortgage rates hit a five-month high, but have since slightly declined, hovering below recent peaks. As of today, the 30-year average stands at 7.51%. Rates for various mortgage types, including…

Mortgage rates have dropped for the third consecutive day.

Mortgage Rates Update: June 3, 2024 Last week, 30-year mortgage rates hit a five-month high, but the trend has shifted this week with rates steadily declining each day, dropping below recent peaks. As of now, the 30-year average stands at…

Mortgage rates rise again following news of inflation.

Mortgage Rate Update: Thusrday’s Rates Surge Following the release of concerning inflation data, the 30-year mortgage rates experienced a significant increase on Thursday, climbing over 0.10% to reach 7.60%. Notably, rates for various mortgage types saw substantial jumps, with many…

30-year mortgage rates have decreased.

Summary of Mortgage Rate Trends In response to recent inflation data, mortgage rates experienced movement, with 30-year rates averaging at 7.55% on Friday, showing a slight decrease. Various mortgage types also reflected modest declines, while some remained consistent. National Averages…

Mortgage rates remain stable, staying below their recent peak levels.

Current Mortgage Rate Trends In response to recent inflation data, mortgage rates experienced a slight increase last week. However, the 30-year average has now dipped slightly, with rates stabilizing at an average of 7.55%. Various mortgage types also saw minor…

Once more, mortgage rates are increasing.

Mortgage Rate Trends: A Comprehensive Analysis The latest data reveals an upward trajectory in 30-year new purchase mortgage rates after a brief dip. Following a Tuesday increase, the average rate now stands at 7.36%, nearly matching the five-month high seen…

30-Year Mortgage Rates Decrease

The Latest Mortgage Rate Trends and Updates Current mortgage rates saw slight decreases on Wednesday, following a recent trend of fluctuation. While rates remain slightly below recent highs, there have been notable shifts across different mortgage types. The 30-year new…

How will the recent Federal Reserve interest rate decision impact mortgage rates in 2024?

Key Takeaways: The Federal Reserve’s sixth consecutive hold on the federal funds rate was announced yesterday. Fed rate decisions do not directly dictate mortgage rate movements; however, they can have a ripple effect on lender rates. Inflation, exceeding the Fed’s…

30-year mortgage rates have dropped to their lowest point in over a week.

Trending Mortgage Rates Update Exciting news for homeowners and potential buyers as mortgage rates take a dip! The 30-year mortgage rates have fallen to 7.25%, marking their lowest average in the past eight days. This drop has also been reflected…

Mortgage rates reach their lowest point in a month.

Summary of Mortgage Rate Trends As the week wrapped up with a three-day decline, 30-year mortgage rates fell to 7.11% on Friday, marking their lowest average since early April. Rates also saw significant drops in several other mortgage types, with…

30-year mortgage rates have decreased even more and have reached a new low for the past 4 weeks.

Latest Mortgage Rate Trends and Insights On Monday, the 30-year mortgage rate average dropped to 7.06%, hitting its lowest point since early April after declining for the fourth consecutive day. Rates for most other new purchase mortgage types also saw…

Mortgage rates remain steady at their lowest point since the beginning of April.

Overview of Current Mortgage Rate Trends After a recent period of declines, 30-year mortgage rates stabilized on Tuesday at their most affordable level in four weeks, with the average holding steady at 7.06%. While various mortgage types experienced minimal rate…