Mortgage Rates Hold Steady with Minor Fluctuations

Current rates remain near recent lows, with experts predicting a potential decline in the coming months.

The average 30-year fixed mortgage rate is around 6.46%, showing minimal changes from the previous week.
Rates for 15-year fixed mortgages have decreased slightly, averaging 5.62%.
Freddie Mac's report indicates a steady trend, with expectations of further rate declines by year-end.
Economic factors such as inflation and Federal Reserve policies continue to influence mortgage rates.
Homebuying demand remains sluggish despite the stable rates, with potential buyers awaiting further drops.