Reported about 13 hours ago
Mortgage rates in the U.S. have dropped to their lowest point in over a year, with the average 30-year fixed rate falling to 6.19%. This decrease offers a glimmer of hope for potential homebuyers frustrated by high borrowing costs, as lower rates and easing home prices enhance housing affordability. Experts suggest that the downward trend in mortgage rates may continue, driven by expectations of an upcoming Federal Reserve rate cut and signs of a sluggish economy.
Source: YAHOO