How far will mortgage interest rates fall this October?
Mortgage interest rates plunged to a two-year low in September. But how much further will they fall this October?
Mortgage Interest Rates Today, September 28, 2024 | Rates Haven't Budged This Week
These are today's mortgage and refinance rates. Mortgage rates have been holding steady. Whether they drop further this year depends on the economy.
Today’s 30-year mortgage interest rates fall to 5.990%, while 15-year rates remain at 5.125%
The median interest rate on a 30-year fixed-rate mortgage is 5.990% as of September 25, which is 0.010 percentage points lower than yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 5.125%, which is unchanged from yesterday.
When will mortgage interest rates fall again? Watch these 3 dates
With so many factors driving mortgage interest rates, it's worth monitoring each day. But the following three dates could be particularly influential:
Mortgage interest rates today: Rates are down
The current median interest rate is 5.990% for a 30-year fixed-rate mortgage and 5.125% for a 15-year fixed-rate mortgage.
Mortgage Rates Tick Up to 3-Week High
After sinking last week to its lowest level since 2022, the 30-year mortgage rate average has increased to its highest level since early September. But rates remain relatively low.
Mortgage interest rates drop for the 8th week. Should you lock one in now?
Buy mortgage points: Mortgage points are fees paid upfront to reduce your mortgage rate, with each point typically costing 1% of the loan amount. While this involves a higher initial outlay, it can result in significant long-term savings if you plan to stay in your home for several years.
Here's Why You Shouldn't Sign a Mortgage Right Now -- Even Though Rates Are Falling
Are you tempted to sign a mortgage given where rates are at today? Read on to see why waiting could benefit you even more.
Yes, mortgage rates look a little stuck
Because rates are still mostly at 6% or higher, home sales have been stalled. But there was evidence from the Mortgage Bankers Association of America this week that a little movem
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