Mortgage rates have reached their lowest point since early February 2024, following the Federal Reserve's indication of a potential interest rate cut in September. According to Freddie Mac's report on Thursday, the average rate for a 30-year fixed-rate mortgage decreased to 6.73%, down from 6.78% the previous week. In contrast, the average rate for a 30-year fixed mortgage was 6.9% a year ago. Burak Eyilik, a mortgage broker, emphasizes the importance of staying informed about these changes to make the best decisions for potential homebuyers.
2. #RealEstate
3. #HomeBuying
8. #HomeLoans
9. #Investment
10. #HousingMarket
13. #EconomicTrends
Comments