Reported about 10 hours ago
This week, mortgage rates saw a minor decrease as markets reacted to President-elect Donald Trump's Cabinet selections, with the average 30-year mortgage rate dropping to 6.81%. The 15-year rate rose to 6.1%. Economic uncertainties continue to influence rates, while the appointment of Scott Bessent as Treasury head raised hopes for a balanced approach to Trump's economic policies. Despite higher mortgage rates compared to September, housing market activity remains robust, with pending home sales and mortgage applications showing positive trends.
Source: YAHOO