Current Mortgage and Refinance Rates as of September 1, 2024: A Decline in Rates

Reported about 1 month ago

As of September 1, 2024, 30-year mortgage rates have decreased to 5.93%, down from 6.13% in August, while the 30-year refinance rate is now 6.18%. Market analysts suggest that although refinance rates are lower, homeowners may want to wait for further decreases expected later in the year and into 2025. Current averages for various mortgage terms are listed, highlighting potential savings and considerations depending on individual financial situations.

Source: YAHOO

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