Reported 22 days ago
Mortgage and refinance rates have decreased today, with the national average for a 30-year mortgage at 5.60%, while the 15-year rate is at 4.90%. Anticipation builds as the Federal Reserve is expected to announce its first rate cut since 2020, with potential cuts of 25 or 50 basis points. Any further reductions in mortgage rates will depend on the Fed's decisions and market expectations.
Source: YAHOO