Overview

• 30-year fixed mortgage rates fall to 6.32%, nearing a 17-month low.
• Refinance rates for 30-year loans drop to 6.55%, the lowest since December 2023.
• State-level variations show New York and California with some of the lowest rates, while Washington, D.C., and West Virginia have the highest.
• Factors influencing rates include Federal Reserve policies and bond market trends.
• Experts advise shopping around for the best mortgage deals due to significant lender rate differences.