Mortgage rates drop to lowest since early February 2023 after Fed’s jumbo interest rate cut
Sales of previously owned homes in the United States fell sharply in August, despite mortgage rates plummeting that month.
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Mortgage rates drop to lowest since early February 2023
Freddie Mac said Thursday, down from last week’s 6.20% and substantially below a two-decade peak of 7.79% seen last fall.
Mortgage rates dip to lowest level since early 2023 after Fed rate cut
In the past week, the standard 30-year fixed-rate mortgage averaged 6.09%, according to data released by Freddie Mac.
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