Reported 11 months ago
The mortgage rates for today have shown minimal movement, with the 30-year fixed rate dropping slightly to 6.56% and the 15-year fixed rate increasing to 5.94%. Fannie Mae's June Housing Forecast is now predicting that 30-year fixed rates will be 6.7% by the end of 2024, an improvement from their previous forecast of 7%. Although mortgage rates are slowly improving, they may take time to decrease. The article also discusses the current mortgage rates across various terms and provides insights on the pros and cons of different mortgage rates, including 30-year fixed, 15-year fixed, and adjustable rates.
Source: YAHOO