Reported 2 months ago
Mortgage rates have fallen to their lowest levels since early February, with the 30-year fixed-rate mortgage averaging 6.73%, down from 6.78% a week prior, as the Federal Reserve hints at a potential interest rate cut in September. Despite the drop, mortgage applications have decreased by 2%, reflecting ongoing challenges in affordability, although there are signs of easing home prices and increased housing inventory.
Source: YAHOO