Interest Rates Update

As of today, October 3, 2024, mortgage interest rates have seen some notable changes.
The 30-year fixed-rate mortgage is currently at 5.99%, a slight decrease from yesterday.
Meanwhile, the 15-year fixed-rate mortgage remains steady at 5.25%
These rates have been influenced by the Federal Reserve’s recent decision to lower the federal funds rate by 50 basis points in September, following a period of cooling inflation.
This has contributed to mortgage rates dropping to their lowest levels in over two years.

Are you considering a new mortgage or perhaps refinancing your current one?