Mortgage and refinance rates today, August 6, 2024: The 30-year rate finally drops below 6%

Category: Finance

Mortgage rates have decreased, with the average 30-year fixed rate dropping to 5.92% and the 15-year fixed rate to 5.21%. The Federal Reserve has not cut the federal funds rate yet, but there are expectations for potential decreases in the future. Current trends suggest mortgage rates may continue to decline into 2024 and 2025, influenced by the Fed's decisions.

Keywords: Mortgage Rates, Federal Reserve, Interest Rates

Source: Yahoo Finance

Update At: 8/6/2024

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