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Fannie Mae said this week it projects the rate on a 30-year mortgage will average 6.2% in the October-December quarter and decline to an average of 5.7% in the same quarter next year. It averaged ...
Last week, mortgage rates fell to their lowest levels in more than 18 months, with the average 30-year fixed rate note dropping to 6.20%.But currently, about 80% of mortgage holders have a rate ...
The Fed’s last pre-pandemic rate-cutting cycle followed a similar pattern. Average mortgage rates peaked at nearly 5% in late 2018 but had fallen to 3.75% by the time the Fed began dropping ...
Many would-be buyers and sellers are holding out to see if rates fall further. Currently, about 80% of mortgage holders have a rate below 5%, according to a Zillow survey. The average rate on the ...
Rates for a 15-year mortgage stand at an average 6.67% for purchase and 6.75% for refinance, down 2 basis points from 6.69% for purchase and from 6.77% for refinance over the past week. The ...
The average rate on a 30-year fixed jumbo mortgage is 7.06%. Mortgage rates for Thursday, July 11, 2024. 30-year fixed rate — 6.97%. 20-year fixed rate — 6.73%. 15-year fixed rate — 6.44% ...
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