Mortgage Rates Drop to 6.35%, Boosting Homebuying and Refinancing
TL;DR Summary
Mortgage demand has surged as average 30-year fixed mortgage rates dropped to 6.35%, the lowest since October 2024, driven by declining Treasury yields amid a weakening labor market and expectations of a Federal Reserve rate cut, leading to increased home purchase and refinance applications.
- Home mortgage demand surges as rates drop to 6.35% NPR
- Mortgage rates tumble, marking largest weekly drop in a year Fox Business
- Homeowners dash to refinance as mortgage rates dive — with some home buyers coming off the sidelines MarketWatch
- How to get a mortgage rate under 6% this September CBS News
- Mortgage Interest Rates Today: Mortgage Rates Plunge to New Low as Key Fed Decision Looms Realtor.com
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