Reported about 1 month ago
As of August 30, 2024, mortgage rates continue to decline with a notable drop of 83 basis points from last year, according to Freddie Mac. The current rates for 30-year fixed mortgages stand at 6.35%, while 15-year fixed rates are at 5.51%. This decrease places potential homebuyers in a more favorable position compared to the previous year, while expectations are high for the Federal Reserve to cut rates further, potentially leading to even lower mortgage rates in the future.
Source: YAHOO