Mortgage Rates Descend Again
The 30-year fixed-rate mortgage averaged 6.77% as of July 18, 2024.
The 30-year fixed-rate mortgage averaged 6.77% as of July 18, 2024.
Freddie Mac reported the 30-year fixed-rate mortgage averaged 7.10%.
Decline leads to optimism about a stable rate environment and a potential rise in home sales in the upcoming year.
Freddie Mac survey finds the average rate for a 30-year mortgage slipped to 6.78%.
Both the 30-year and 15-year fixed mortgages reach their highest levels since November.
Potential homebuyers, sellers still waiting for a dramatic drop in rates.
The 30-year fixed-rate mortgage averaged 6.71%, down 8 basis points from the previous week.
The 30-year fixed-rate mortgage average rose to 6.39%, while the 15-year rate remained unchanged.
The 30-year mortgage dropped to 6.32%, lowest since mid-February.