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Mortgage Interest Rates Today: Mortgage Rates Fall for 4th Consecutive Week to 6.17% After Fed’s Second Cut This Year

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Mortgage Interest Rates Today: Mortgage Rates Fall for 4th Consecutive Week to 6.17% After Fed’s Second Cut This Year

Mortgage rates pulled back Thursday to their lowest level in over a year, a day after the Federal Reserve cut interest rates for the second time this year as the government shutdown neared the one-month mark and major companies announced mass layoffs.  The average rate on 30-year fixed home loans fell to 6.17% for the … Read more

Mortgage Applications Today: Home Loan Demand Rebounds After Rates Hit Lowest Level in Over a Year

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Couple house-hunting with Realtor

The demand for home loans rebounded with a 7.1% increase for the week ending Oct. 24, according to the Mortgage Bankers Association (MBA). It’s a turnaround from a week ago when mortgage applications decreased by 0.3%. The surge comes as mortgage interest rates dropped to 6.19%, the lowest level in over a year for the … Read more