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It’s down from 7.18% a year ago and sits at the lowest level since February 2023. The average rate on a 15-year fixed mortgage was 5.27%, down from 5.47% last week and 6.51% last year. “Rates ...
The rate fell to 6.20% from 6.35% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.18%. The average rate is now the lowest it's been since February 12, 2023 ...
Average mortgage rates are trending down as of Thursday, September 19, 2024, a day after the Federal Reserve announced it was lowering its benchmark interest rate by 50 basis points to a range of ...
Mortgage rates have fallen quite a bit since the late-2023 peak. According to the latest data from the Mortgage Bankers Association, the average interest rate on a 30-year fixed-rate mortgage is ...
At the conclusion of its fifth rate-setting policy meeting of 2024 on July 31, the Federal Reserve left the federal funds target interest rate at a 23-year high of 5.25% to 5.50% for an eighth ...
At the conclusion of its fourth rate-setting policy meeting of 2024 on June 12, 2024, the Federal Reserve kept the federal funds target interest rate steady at a 23-year high of 5.25% to 5.50% ...
Rates on a 15-year mortgage stand at an average 5.59% for purchase and 5.70% for refinance, down 12 basis points from 5.71% for purchase and 5 basis points from 5.75% for refinance this time last ...
Jeff Cox, CNBC. August 21, 2024 at 3:49 PM. The Marriner S. Eccles Federal Reserve building in Washington in June. Federal Reserve officials at their July meeting moved closer to a long-awaited ...