Rates drop week over week

Lowest 30-year rate since mid-December

Interest rates on many mortgage terms have decreased. According to Zillow, the 30-year fixed mortgage rate has been declining for several days, down three basis points today to 6.55%. This puts it at its lowest point since mid-December when it was at 6.50%. It may seem strange that mortgage rates are going down even though…

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Rates drop week over week

Rates drop week over week

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…

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