Mortgage Rates Decline for Third Consecutive Day

Rates for both new purchase and refinance mortgages reach multi-week lows, offering relief to prospective homebuyers and refinancers.

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.