Mortgage Rates Drop Amid Positive Inflation Data

Interest rates on 30-year and 15-year mortgages see significant declines, offering relief to homebuyers and refinancers.

The 30-year fixed mortgage rate fell to 6.81%, its lowest in two months.
15-year fixed mortgage rates dropped below 6% for the first time in four weeks.
Freddie Mac reports a weekly average rate of 6.95% for 30-year loans, down from 6.99% last week.
The decline in rates follows encouraging inflation data and signs of economic cooling.
Lower rates have led to a surge in mortgage applications, up nearly 16% from the previous week.