Coverage dated September 11, 2024 to September 18, 2024
Mortgage rates drop to two-year low ahead of Fed rate cut
Headline from New Hampshire Union Leader, on the newest of 3 developments
U.S. mortgage rates declined last week to the lowest level since September 2022 in anticipation of Federal Reserve interest-rate cuts, stoking an influx of applications for home purchases and refinancing.
New Hampshire Union Leader's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Developments in this update
3 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.
Mortgage rates drop to lowest since early February 2023
Headline from ABC 12 Flint ·
Mortgage Rates Sink to Lowest Level in 2 Years
Headline from Investopedia ·
Newest
Mortgage rates drop to two-year low ahead of Fed rate cut
By Bryan Mena, CNN Washington (CNN) — Mortgage rates fell this week to the lowest point since February 2023, in a welcome sign for Americans grappling with a tough housing market. The standard, 30-year fixed-rate mortgage averaged 6.
Over the last ten weeks, 30-year mortgage rates have been sliding steadily—and it may not be over. Rates are already down to their cheapest level since February 2023.
These are today's mortgage and refinance rates. Mortgage rates have decreased in recent days and remain low as the Fed gears up to start cutting rates.
Mortgage rates fell this week to their lowest level since February 2023, but not far enough to spur on the housing market amid high home prices and still-elevated rates.
Mortgage rates keep sinking—with the 30-year and 15-year averages falling to their cheapest levels since February 2023. Rates moved lower for many other loan types as well.
30-year mortgage rates ticked down to their cheapest level since early 2023. 15-year mortgage rates also declined, eclipsing the previous 19-month low.
Mortgage rates on 30-year loans crossed a major threshold, declining to their cheapest level since early 2023. Rates on 15-year mortgages also dropped sharply, eclipsing the previous 19-month low.
U.S. mortgage rates declined last week to the lowest level since September 2022 in anticipation of Federal Reserve interest-rate cuts, stoking an influx of applications for home purchases and refinancing.
These are today's mortgage and refinance rates. Mortgage rates are down as the Fed gears up to start lowering its benchmark rate by at least a quarter point.
The average rate on a 30-year mortgage in the U.S. fell to its lowest level in 19 months last week, driven by a decline in Treasury yields ahead of an anticipated interest rate cut from the Federal Reserve.
30-year mortgage rates have now dropped even further below 6%. Both the 30-year and 15-year averages are at their lowest levels since late summer 2022.
