Mortgage Rates Hit Yearly Low, Encouraging Homebuyers to Act
In a significant development for prospective homebuyers, mortgage rates have plummeted to their lowest levels of the year, creating a perfect storm for those contemplating entering the housing market. As of today, the average 30-year fixed mortgage rate has dropped to 6.69%, with the 15-year fixed mortgage sitting at 6.14%. Additionally, the 5/1 adjustable-rate mortgage (ARM) is also seeing competitive rates, making it an opportune time for buyers to explore their options. This decrease marks th...