Mortgage Rates Show Signs of Decline Amid Economic Shifts
In recent weeks, the U.S. housing market has been experiencing a notable shift as mortgage rates begin to decline. As of today, the average rate for a benchmark 30-year fixed mortgage stands at approximately 6.75%, while the 15-year fixed mortgage rate is slightly lower at around 6.19%. This change comes amid broader economic adjustments, particularly as inflation rates start to show signs of easing. The Federal Reserve is preparing to make its first interest rate cut later this year, indicating...