Mortgage Rates Show Marginal Decline Across Various Loan Types

Latest data reveals slight decreases in average rates for 30-year fixed, FHA, VA, and USDA loans, with mixed movements in other categories.

The average 30-year fixed-rate mortgage now stands at 6.43%, down from recent highs.
15-year fixed-rate mortgages have decreased to an average of 5.53%.
Jumbo 30-year mortgage rates slightly dropped to 6.64%.
Factors influencing these fluctuations include Federal Reserve policies, inflation, and economic conditions.
Borrowers are advised to compare rates from multiple lenders to secure the best deal.