Mortgage Rates Reach 11-Month Low, But Buyer Activity Remains Cautious
TL;DR Summary
Mortgage rates have fallen to an 11-month low, but high home prices and elevated rates are keeping buyers on the sidelines, leading to a slowdown in home sales despite some market stabilization and potential for future rate drops.
- Mortgage rates drop to 11-month low, but buyers are holding back MarketWatch
- Mortgage rates hit 6.5%, the lowest level since October 2024 Yahoo Finance
- Average rate on a 30-year mortgage drops to 6.5%, lowest level since last October ABC News
- Mortgage rates tumble to lowest level since October 2024 Fox Business
- Mortgage Refinancing Starts to Thaw as Rates Trend Down - WSJ The Wall Street Journal
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