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Mortgage Rates Reach Lowest Level In Years
Summary by Western Iowa Today 96.5 KSOM KS 95.7
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Mortgage Rates Reach Lowest Level In Years
(McLean, VA) — Mortgage interest rates are now at the lowest level seen in years. Freddie Mac said on Thursday the average 30-year mortgage rate is down to five-point-98-percent. This marks the first team mortgage rates have hit below six percent since 2022. Mortgage rates have been gradually coming down since reaching a peak of seven-point-eight-percent in October 2023. Around the same time last year, rates were at nearly seven-percent.
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