Mortgage rates plunge to the lowest level in more than a year after weak employment report
Published Fri, Aug 2 20243:04 PM EDTUpdated Fri, Aug 2 20244:07 PM EDT
By: Diana Olick
The average rate on the popular 30-year fixed mortgage dropped 22 basis points to 6.4% Friday, according to Mortgage News Daily. That is the lowest rate since April 2023. The 15-year fixed rate fell to 5.89%, its lowest level since early May 2023. LEARN MORE…
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