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Mortgage Rates Stabilize Near Recent Lows

Current mortgage rates show minimal changes, maintaining levels not seen since early spring.

housing market
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Overview

  • The 30-year fixed-rate mortgage averages around 6.72%, close to its lowest since March.
  • Rates for 15-year fixed mortgages remain steady at approximately 5.87%.
  • Jumbo mortgage rates for 30-year terms hover near 7.00%.
  • Refinance rates show mixed movements, with some slight increases and decreases.
  • Economic factors and Federal Reserve policies continue to influence rate stability.