How far will mortgage interest rates fall this October?
Now hovering just over 6%, many prospective buyers may be wondering about the potential for that rate to fall even further (and by how much). While there are ways for buyers to secure a rate below 6% now, it could fall independently this October. But how far, exactly, will mortgage rates fall next month? That's what we'll break down below.
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.
How to get a 6% (or lower) mortgage rate right now
Mortgage rates are averaging 6.13% currently, but there are ways to get a rate below 6% this fall. Here's how.
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.
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
Today’s 30-year mortgage interest rates rise to 6.125%, while 15-year rates hold at 5.250%
Thinking about taking out a mortgage loan? Current mortgage rates increase to 6.125% for 30-year terms, while 15-year terms ...
Mortgage Interest Rates Today, September 27, 2024 | Rates Steady as Labor Market Continues to Strengthen
These are today's mortgage and refinance rates. Mortgage rates have been holding steady this week, and they might not drop ...
Prediction: This Group Will Gain the Most From Lower Mortgage Rates
Mortgage rates have dropped by over 1% since May 2024, and even lower rates could come in 2025. See who could get the best ...
Mortgage interest rates today: Rates are up
The current median interest rate is 6.000% for a 30-year fixed-rate mortgage and 5.250% for a 15-year fixed-rate mortgage.
How Low Might Mortgage Rates Go As The Fed Cuts Interest Rates?
Last November, the 30-year mortgage rate approached 8%. After the Federal Reserve cut interest rates on September 18, it’s ...
Average rate on a 30-year mortgage slips to 6.08%, lowest level in 2 years
The average rate on a 30-year mortgage in the U.S. slipped to its lowest level in two years, boosting home shoppers’ ...
Mortgage Rates Are Dropping After the Fed's Rate Cut. Here's Why I'd Still Wait to Refinance
Mortgage rates are starting to fall, but that doesn't mean it's a good time to refinance. Find out why I'd wait a little ...
Mortgage rate locks: What they are, how they work — and why timing is everything
Mortgage rate locks are a way to add predictability to your life and prevent rates from fluctuating before you close. But ...
Signs of housing demand surge after interest rate cut
The question after the Federal Reserve’s recent interest rate cut is simple — will it bring buyers back to the stalled ...