See why mortgage rates are plunging

Category: Finance

The average rate on the 30-year fixed mortgage has decreased to 6.4%, the lowest in over a year, following a weaker employment report that caused bond yields to fall. This reduction in rates has improved housing affordability, lowering monthly payments for buyers.

Keywords: Mortgage Rates, Housing Affordability, Interest Rates

Source: Greater Baton Rouge Business Report

Update At: 8/6/2024

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