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Stock impact report

Mortgage Interest Rates Today, June 29, 2024 | Cooler Inflation is Good News for Rates [Business Insider]

Rocket Companies, Inc. Class A (RKT) 
In May, the core Personal Consumption Expenditures price index slowed to 2.6% year over year, down from April's 2.8% reading, the Commerce Department reported on Friday. As inflation slows and the Fed is able to start lowering the federal funds rate, mortgage rates are expected to decrease. Average 30-year mortgage rates were around 6.58% this week, according to Zillow data, and they could fall further in the coming months. But borrowers shouldn't expect huge rate drops any time soon. If you're in the market for a mortgage, getting quotes from multiple mortgage lenders can help ensure you get the best deal possible in this high-rate environment. Mortgage Rates Today Mortgage type Average rate today Mortgage Refinance Rates Today Mortgage type Average rate today Mortgage Calculator Use our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. Mortgage Calculator Your estimated monthly payment More details Show less Read more
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