Mortgage Interest Rates Today, June 28, 2024 | Rates Are the Lowest They've Been Since April [Business Insider]
Rocket Companies, Inc. Class A (RKT)
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Source: Business Insider
Average 30-year mortgage rates were 6.86% this week, a single basis point decrease from the week before. "The 30-year fixed-rate mortgage continues to trend down, hitting the lowest level in almost three months," Sam Khater, Freddie Mac's chief economist, said in a press release . "By historical standards, the economy is in good shape, and we expect rates to continue to come down over the summer months, bringing additional homebuyers back into the market." Mortgage rates are still relatively high overall, keeping many would-be homebuyers out of the market. Rates are expected to trend down throughout the remainder of 2024 and beyond, but if you don't want to wait for rates to drop, you can lessen the impact of today's high rates by 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 Today's refinance rates Mortgage type Average rate t
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