Reported 1 day ago
This week, mortgage rates dropped to their lowest level in almost a year, with the average 30-year fixed rate at 6.30 percent, down from 6.38 percent last week. While the Federal Reserve's recent interest rate cuts are expected to slightly invigorate the housing market, experts caution that more significant declines in mortgage rates and home price growth are needed to improve affordability for buyers.
Source: YAHOO