Mortgage Rates Drop for 30-Year Loans Amid High Home Prices

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Source: Fox Business
Mortgage Rates Drop for 30-Year Loans Amid High Home Prices
Photo: Fox Business
TL;DR Summary

As of June 6, 2024, the interest rate for a 30-year fixed-rate mortgage has decreased to 6.625%, while the rate for a 15-year fixed-rate mortgage remains steady at 5.990%. Mortgage rates fluctuate daily based on economic conditions, so it's important to check current rates and compare offers from different lenders to secure the best deal.

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