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Stock impact report

Mortgage Interest Rates Today, June 16, 2024 | When Will Rates Drop Again? [Business Insider]

Rocket Companies, Inc. Class A (RKT) 
Mortgage rates are expected to fall further later this year, but how much they'll go down depends on how inflation trends in the coming months. If inflation is slow to come down, rates might not improve significantly. If you're planning to buy a home soon, you can lessen the impact of high rates by shopping around and getting quotes from multiple mortgage lenders . This will help you find the lowest rate available, saving you money in the long term. Today's mortgage rates Mortgage type Average rate today 30-year fixed 20-year fixed 15-year fixed 7/1 ARM 5/1 ARM 30-year FHA 30-year VA Today's refinance rates Mortgage type Average rate today 30-year fixed refinance 20-year fixed refinance 15-year fixed refinance 7/1 ARM refinance 5/1 ARM refinance 30-year FHA refinance 30-year VA refinance Mortgage Calculator Use our free mortgage calculator to see how today's interest rates will affect your monthly payments: Mortgage Calculator Your es Show less Read more
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