"Maximizing Savings: Securing the Lowest Mortgage Rates Today"

1 min read
Source: CBS News
"Maximizing Savings: Securing the Lowest Mortgage Rates Today"
Photo: CBS News
TL;DR Summary

Mortgage rates have been dropping, with the average interest rate for a 30-year fixed-rate mortgage at 6.60%, the lowest since May 2023. Homebuyers can take advantage of this by considering adjustable-rate mortgages, purchasing mortgage points to secure a lower interest rate, and shopping around for lenders to find the best rates and terms. These options can help buyers secure the lowest rate possible in the current market, which is still volatile despite the decreasing rates.

Share this article

Reading Insights

Total Reads

1

Unique Readers

2

Time Saved

4 min

vs 5 min read

Condensed

91%

80875 words

Want the full story? Read the original article

Read on CBS News