Overview

• 30-year fixed mortgage rates remain steady at 7.55%, slightly below recent highs.
• 15-year mortgage rates experience a slight decrease, now at 6.86%, offering more affordability.
• Adjustable-rate mortgages show mixed changes, with some rates increasing slightly.
• Mortgage rate variations are influenced by factors including inflation, Federal Reserve policies, and market conditions.
• Experts advise borrowers to compare rates and consider refinancing options to secure better terms.