Mortgage Rates Show Minor Fluctuations, Holding Below Recent Peaks

Recent data reveals a mixed trend in mortgage rates, with 30-year rates seeing slight declines while 15-year rates drop more significantly.

30-year fixed mortgage rates slightly decreased to 7.52%, maintaining levels below the five-month high of last week.
15-year fixed mortgage rates fell to 6.87%, marking a notable drop from recent highs.
Jumbo 30-year rates remained stable at 7.20%, consistent with rates since last November.
Freddie Mac reports a rise in the weekly average of 30-year rates to 7.10%, the first time it has surpassed 7% this year.
Economic factors and Federal Reserve policies continue to play significant roles in influencing mortgage rate trends.