Reported 8 months ago
Mortgage rates have been steadily decreasing, with the 30-year fixed rate at 6.50% and the 15-year fixed rate at 5.75%. While significant declines in rates are expected in 2025 due to potential Federal Reserve rate cuts, it is unlikely to happen in 2024. Current national average mortgage rates are provided, along with comparisons between 30-year and 15-year fixed mortgages, and fixed-rate versus adjustable-rate mortgages. Tips on getting a low mortgage rate and choosing a mortgage lender are also included.
Source: YAHOO