Mortgage Rates Fell To Their Lowest Level Since May 2025

Mortgage Rates Fell To Their Lowest Level Since May 2025. Mortgage rates sink to their lowest levels in 21 months after six weeks of declines The Mortgage rates fell across the board over the past week Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a lower rate, also eased this week

30Year Mortgage Rates Fall, Dropping to Lowest Level Since July
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Like its 30-year sibling, the 15-year average sank to a two-year low back in. 26, 2024, according to data from Freddie Mac on Thursday.

30Year Mortgage Rates Fall, Dropping to Lowest Level Since July

The 30-year fixed-rate mortgage rate fell 2 basis points to an average of 6.87%, which is the lowest level since Dec It briefly fell to a 2-year low last September, but remains more than double the 2.65% record low the average rate hit in January 2021 Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a lower rate, also eased this week

Boost for homebuyers Average longterm mortgage rate falls to 6.6, lowest level since May. The average contract rate for a 30-year mortgage for homes sold for $806,500 or less was 6.67% for the week ending Mar Yields for 10-year Treasury notes declined about 70 basis points from their January peak of 4.9%.

Mortgage Rates Fell To Their Lowest Level Since May 2025 Minna Sydelle. After inching up for two days, 30-year mortgage rates edged lower Friday, moving back towards the 2025 low they notched early last week 26, 2024, according to data from Freddie Mac on Thursday.