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Mortgage Refinance Rates Today: 30-Year Drops to 6.6%
Mortgage refinance rates edged down again today, giving some relief to homeowners looking to lock in better terms. According to data, 30-year refinance rates fell to 6.6%, continuing a downward trend for August. Here’s a breakdown of today’s average rates by loan type:
Mortgage rates decline to lowest level in nine months
Mortgage rates haven’t been this low since mid-October 2024. However, some perspective is in order: For the past nine months, rates have moved in a narrow range. These declines aren’t like the sharp drops seen early in the pandemic, or the big jumps that came in 2022 and 2023, as the Federal Reserve aggressively boosted interest rates.
Another decrease in mortgage increase rates has led to an uptick in home loans, as well as homebuyers looking to refinance.
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The average rate on 30-year fixed home loans registered 6.72% for the week ending July 31, down slightly from 6.74% last week ...
Since early June, however, homebuyers have gotten some relief, with the flagship mortgage rate average moving further and ...
Jumbo Mortgage Rates vs. Conventional Mortgage Rates: What’s the Difference? You may assume that taking out a jumbo loan means you’re stuck paying higher interest rates—but that’s not ...
Last week, the Fed again held its policy rate steady, but more signs are emerging that cuts are likely to happen sooner ...
The average rate on 30-year fixed home loans registered 6.74% for the week ending July 24, barely down from 6.75% last week.
Mortgage rates have dropped, but it's not likely tied to the latest Fed news. Here’s why waiting for a Fed rate cut could be ...
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