Overview

• 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.