Mortgage rates linger below 7 percent after reaching four-week low
Quick Insights
The Bottom Line
Mortgage rates are lingering below 7 percent, with 30-year rates averaging 6.36 percent.
How This Affects You
Prospective homebuyers and those looking to refinance may find some relief due to 30-year mortgage rates averaging 6.36% and 15-year rates at 5.73%.
AI Summary
Mortgage rates are lingering below 7 percent after reaching a four-week low last Friday. The national average for 30-year mortgage rates is 6.36 percent, while 15-year mortgage rates average 5.73 percent, according to Bankrate. This follows a previous drop below 6 percent for 30-year mortgages in February. These lower rates could offer some relief to prospective homebuyers and those looking to refinance. The current trend marks a notable shift from recent higher rate environments.
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