Mortgage Rates Are the Lowest They've Been Since 2022. Here's How to Get One Even Lower Now.

Mortgage rates are the lowest they've been since 2022. Here's how to get one even lower now.

Mortgage interest rates are the lowest they've been since 2022, but there are multiple ways to get one even lower.

Lowest Mortgage Rates in Over a Year in October

Average mortgage rates in October trended downward to the lowest rates in over a year. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.25% in October, 10 basis points (bps) lower than September. Meanwhile, the 15-year rate declined just 1 bp to 5.49%. Both the 30-year and 15-year rates remain lower than a year […]

US mortgage rates drop to 6.17%, lowest since early October 2024

Mortgage rates in the US fell for a fourth week, inching closer to 6 per cent even as economic uncertainty is keeping buyers pinned to the sidelines.

Fed Cuts Target Rate By 25 Basis Points, Treasury Yield Curve Rises, Mortgage Rates Drop

Yesterday, The Federal Reserve Board of Governors lowered their target interest rate by 25 basis points to 4%. And on that decrease, the US Treasury yield curve rose slightly. And mortgage rates declined with the cut in The Fed’s target rate. For an interesting read, try David Stockman’s “How To Cut $2 Trillion Om Federal Spending.”

6.17%: Mortgage Rates Drop Again

Long-term rates have now fallen for four weeks in a row.