Mortgage Rates: Latest Trends & Factors

Mortgage rates have been on a downward trend since late May, reaching their lowest point in October. The average thirty-year fixed mortgage rate is now six point one five percent, while the fifteen-year fixed rate stands at five point five seven percent. Refinance rates differ slightly, with the thirty-year fixed refinance rate at six point one nine percent and the fifteen-year fixed refinance rate at five point six two percent. These rates can vary based on individual factors and broader economic conditions.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.