Mortgage Interest Rates Today, September 24, 2024 | Where Will Rates Go Next?
These are today's mortgage and refinance rates. Mortgage rates are holding steady, but they may inch down in the coming months as the Fed cuts rates.
Here's how far mortgage rates could drop before the end of 2024
The Federal Reserve's 50-basis-point rate cut from September 18 has started to push mortgage interest rates down, bringing a glimmer of hope to potential buyers. With two more Fed meetings scheduled before the end of 2024, we could see rates continue to fall.
Today’s 30-year mortgage interest rates hold steady at 5.990%, while 15-year rates remain at 5.125%
The median interest rate on a 30-year fixed-rate mortgage is 5.990% as of September 23, which is unchanged from Friday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 5.125%, which is also unchanged from Friday.
Mortgage interest rates today: Rates are unchanged
Today’s interest rate for a 15-year fixed-rate mortgage is 5.125%, which is unchanged from Friday. The monthly payment for a $250,000 mortgage with a 15-year term and a fixed interest rate of 5.5% would be $2,042.71. The payment for the same loan with a 6% interest rate would be $2,109.64.
Is that all? Mortgage rates have dropped to nearly 6 percent and may not go much lower.
Any further decline in mortgage rates will be minimal,” said Lawrence Yun, chief economist at the National Association of Realtors.
What's the mortgage interest rate forecast for October 2024?
Learn more about the top mortgage rates you could qualify for here. What's the mortgage interest rate forecast for October 2024? Mortgage rates tend to move in anticipation of pot
Mortgage Interest Rates Today, September 23, 2024 | Here's How Much Rates Have Dropped This Month
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