Mortgage Rates Drop Below 7%, Sparking Refinance Surge
TL;DR Summary
As of May 24, 2024, the interest rate for a 30-year fixed-rate mortgage has risen to 6.990%, while the rate for a 15-year fixed-rate mortgage remains steady at 6.125%. Mortgage rates fluctuate daily based on economic conditions, so it's important to compare different lenders' rates, terms, and fees to secure the best deal.
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