Mortgage Rates Show Mixed Trends as Market Reacts to Economic Shifts

Recent fluctuations in mortgage and refinance rates reflect broader economic dynamics and Federal Reserve policies.

30-year mortgage rates fell to 6.49%, ending a three-day rise, while 15-year rates dropped to 5.58%.
30-year mortgage refinance rates surged to 7.14%, marking the highest level in over a week.
Experts suggest waiting for potential rate cuts may not yield significant savings for homebuyers.
The Federal Reserve's policies and economic indicators like inflation and job reports continue to influence rate changes.
Different loan types, including FHA and VA loans, show varied rate movements, underscoring the importance of shopping around.