Most mortgage rates have inched up today. According to Zillow, the 30-year fixed mortgage rate has increased by three basis points to 6.57%, and the 15-year fixed rate has risen by four basis points to 5.88%. These small increases are likely a response to the latest labor data. Yesterday, the U.S. Bureau of Labor Statistics…
Mortgage rates are down across the board today. According to Zillow, the 30-year fixed mortgage rate has decreased by three basis points to 6.31%, and the 15-year fixed rate has dropped by five basis points to 5.65%. Mortgage interest rates tend to follow the 10-year Treasury yield, which has been trending downward since mid-November. Rates…
It might feel like mortgage rates will never stop increasing, especially since just a couple of months ago, many people expected rates to be lower than they are now. However, week-over-week rates have actually gone down. According to Zillow, the 30-year fixed mortgage rate has decreased by 15 basis points to 6.45%, the 15-year fixed…
Mortgage rates have been stagnant this week. According to Freddie Mac, the 30-year fixed mortgage rate dropped by one basis point to 6.78%, and the 15-year fixed mortgage rate is down one basis point to 5.99%. A couple of months ago, many expected mortgage interest rates to fall throughout the end of 2024 and all…