Mortgage Rates Dip: What It Means for Homebuyers

Mortgage rates experienced a minor dip, with the average thirty-year fixed rate dropping to six point zero seven percent and the fifteen-year rate falling to five point five four percent. Despite this, economists predict no significant rate drop before year-end. The twenty-year fixed rate stands at five point nine nine percent, and ARMs are around six point two one percent. While rates are crucial, experts advise buying a home based on personal circumstances rather than market timing.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.