The rate for adjustable-rate mortgages was down to 5.85% from 5.98%. The big picture: Even though rates are at a 19-month low, home-buying activity has barely picked up as people hold back.

Mortgage rates plummeted this week after ... Mortgage rates plunge to lowest level in ... That’s down substantially from last week’s average of 6.73% and marks the lowest level since May 2023.

Mortgage rates dropped to 6.29% last week, the lowest rate since February 2023, helping to push the volume of applications higher by 1.4%, according to Mortgage Brokers Association (MBA) data.

Mortgage rates hit lowest level since February 2023 The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.29% from 6. ...

Mortgage rates tumbled on Friday to their lowest since April 2023 after a weak jobs report sent bond yields sharply lower and boosted Wall Street's expectations for an interest rate cut from the ...

The average rate on a 30-year mortgage in the US edged closer to 6% this week to its lowest level since early February 2023.. The rate fell to 6.09% from 6.20% last week, mortgage buyer Freddie ...

After shooting to a one-year high two weeks ago, 30-year mortgage rates have fallen six of the last eight days and are now down to early-May levels.

US mortgage rates fell again last week to the lowest level since April 2023, spurring a modest pickup in applications to buy a home. The contract rate on a 30-year fixed mortgage eased for a ...

Mortgage rates fall to the lowest level since May 2023, and refinances surge 16% Average rate for a 5/1 adjustable-rate mortgage fell below 6%, industry group says Published: Aug. 7, 2024 at 7:00 ...

The numbers: Applications for mortgages inched up as mortgage rates fell for the sixth week in a row. The 30-year fell to the lowest level since February 2023 ahead of a highly anticipated rate ...

Mortgage rates plunge to lowest level since February 2023 Home-buying activity is slowly inching up while refinances are up 106% from a year ago, industry group says Published: Sept. 11, 2024 at 7 ...

“Mortgage rates have fallen more than half a percent over the last six weeks and are at their lowest level since February 2023,” Sam Khater, Freddie Mac’s chief economist, said in a release.