Mortgage rates drop to lowest level since early February

Mortgage Rates News

Mortgage rates drop to lowest level since early February
Freddie MacFederal Reserve
  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 28 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

Good news for all the home buyers out there. Mortgage rates dropped to their lowest level since early February, according to Freddie Mac. As of August 1st...

Good news for all the home buyers out there. Mortgage rates dropped to their lowest level since early February, according to Freddie Mac . As of August 1st, the average rate on a 30-year fixed mortgage fell to 6.73%, that's down from 6.9% last year. The decline came as the Federal Reserve set the stage for a September interest rate cut. The decline is a welcome news for prospective homebuyers grappling with affordability.

Now, despite mortgage rates moving lower, many are still waiting on the sidelines for rates to fall even further. Carini abandoned the bout after just 46 seconds and afterwards refused to hug or shake the hand of Khelif, who failed a gender eligibility test at last year’s Boxing World ChampionshipPARIS — Iga Swiatek dabbed at her eyes with a white towel while sitting on her sideline chair at the 2024 Olympics after a lickety-split, clean-as-can-be win Friday that earned a bronze for Poland's first tennis medal at any Summer Games.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

YahooFinanceCA /  🏆 47. in CA

Freddie Mac Federal Reserve

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mortgage rates drop to lowest level since early February after Fed hints at potential rate cutMortgage rates drop to lowest level since early February after Fed hints at potential rate cutMortgage rates dropped to the lowest level since early February, a welcome decline for prospective homebuyers grappling with ongoing affordability challenges...
Read more »

Average rate on a 30-year mortgage falls to 6.73%, lowest level since early FebruaryAverage rate on a 30-year mortgage falls to 6.73%, lowest level since early FebruaryLOS ANGELES (AP) — The average rate on a 30-year mortgage fell this week to its lowest level since early February, easing borrowing costs for prospective...
Read more »

Your Good Health: At-home health testing not good for everyoneYour Good Health: At-home health testing not good for everyoneSome home health care tests, such as COVID tests, have had a major and beneficial impact on care. But there is not always a high level of regulation among home-testing service.
Read more »

Mortgage rates fall to lowest level since mid-MarchMortgage rates fall to lowest level since mid-MarchThe average rate on the 30-year, fixed-rate mortgage fell to 6.77% from 6.89% a week prior, according to Freddie Mac.
Read more »

U.S. mortgage rates fall to 6.87%, lowest level since early MarchU.S. mortgage rates fall to 6.87%, lowest level since early MarchU.S. mortgage rates fell last week to their lowest level since early March, a reprieve for potential homebuyers and an industry seeking a much-needed demand tailwind.
Read more »

Homebuilder sentiment falls to lowest level since December amid high mortgage ratesHomebuilder sentiment falls to lowest level since December amid high mortgage ratesHomebuilders are feeling worse about the housing market as persistently high mortgage rates curtail new home sales.
Read more »



Render Time: 2025-02-23 18:33:10