Mortgage Rates Plummet to Historic Lows, Sparking Buying Opportunities

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Source: Fox Business
Mortgage Rates Plummet to Historic Lows, Sparking Buying Opportunities
Photo: Fox Business
TL;DR Summary

Mortgage rates for 15- and 30-year terms have fallen, with the interest rate on a 30-year fixed-rate mortgage dropping by 0.500 percentage points to 6.375% and the interest rate on a 15-year fixed-rate mortgage decreasing by 0.125 percentage points to 5.750%. It is advisable to check today's rates and compare different lenders' offers to secure the best deal.

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