Reported about 15 hours ago
Mortgage rates have fallen to their lowest level in over a year, with the average 30-year rate now at 6.19% and the 15-year rate at 5.44%. This decline follows a drop in the 10-year Treasury yield below 4%, influenced by market reactions to a potential government shutdown and expectations of future rate cuts from the Federal Reserve. As a result, existing home sales have seen a slight increase, suggesting that lower rates are encouraging more buyers to enter the market.
Source: YAHOO