Current Mortgage Rates Show Slight Decline

The latest data indicates minor decreases in various mortgage rates, with expectations of further easing by year-end.

The average 30-year conforming mortgage rate is now 6.960%, down from 6.992%.
Jumbo mortgage rates have also decreased to 7.160% from 7.269%.
Rates for FHA, VA, and 15-year conforming mortgages have similarly seen slight drops.
Economic indicators suggest mortgage rates may continue to fall as the Federal Reserve is expected to cut rates.
Home prices are projected to rise modestly despite high mortgage rates, due to low supply and cooling demand.