Some mortgage rates have increased today, while others have decreased. However, the longer-term trends show that rates are dropping overall. Zillow data shows that the current 30-year mortgage rate is 6.01%. This is 18 basis points lower than this time last week, 51 points lower than this time last month, and 59 points lower than
Mortgage rates are all over the place today — there hasn’t been a clear shift upward or downward since yesterday. For example, Zillow data shows that the average 30-year fixed mortgage rate is down five basis points at 6.01%, the 20-year fixed rate hasn’t changed and sits at 5.69%, and the 15-year fixed rate increased
Mortgage rates plummeted earlier this week. They’ve cooled off now, but most rates are still ticking down — the main exception being the 30-year fixed rate, which is up three basis points since yesterday at 6.21%. But the 15-year fixed rate has dropped six basis points to 5.46%, and the 5/1 ARM rate has decreased
New data from Freddie Mac confirms a slide in weekly average 30-year and 15-year fixed mortgage rates, with a continued easing of daily mortgage rates as of Friday, May 17, 2024, ending a week that saw positive inflation readings that could influence future cuts to the Fed rate. The current average rate for a 30-year