Reported about 1 month ago
As of August 31, 2024, the average 30-year fixed mortgage rate is 5.93%, remaining below 6% for the entire week. Mortgage rates have seen slight fluctuations; some have increased while others have decreased. With a Federal Reserve meeting approaching, experts anticipate potential drops in rates following the September 18 meeting. Comparatively, while today's rates may seem high relative to past years, they are significantly lower than last year, presenting a potentially opportune moment for home buyers despite previous years offering rates as low as 3%.
Source: YAHOO