US Mortgage Rates Hit 4-Week Lows | “Your dream home, guided by a local team you can trust.”

National mortgage rates fell for a second straight week. The avg. 30-yr fixed reached ~6.3%, while the avg. 15-yr fixed moved to mid-5%.
A listings platform economist said buying power remained better than a year ago, but weaker than a month ago as current pending sales looked softer.
Latest national mortgage averages showed 30-yr fixed near ~6.1%, 20-yr fixed ~6%, 15-yr fixed mid-5%, with common ARM options in the low-6% range.
Refinance averages were similar but often slightly higher than purchase loans. Current 30-yr refinance sat near low-6%, while 15-yr refinance stayed mid-5%.
Rates had reversed after a recent high near mid-6% just three weeks earlier, dropping almost half a point as market optimism improved recently.
For borrowers, fixed loans offered payment predictability, while shorter terms cut interest costs. ARMs no longer clearly undercut 30-yr fixed rates recently.