Mortgage Rates Drop to Year's Low

Mortgage rates continue to drop, now averaging six point one nine percent for a thirty-year US mortgage, the lowest point this year. Fifteen-year fixed-rate mortgages also saw a decrease, now averaging five point four four percent. These lower rates, along with the Feds interest rate cuts, have boosted home sales, but affordability and economic uncertainty remain challenges for potential homebuyers.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.