Average rate on a 30-year mortgage falls to 6.09%, lowest level since February 2023
The average rate on a 30-year mortgage in the U.S. edged closer to 6% this week and is now at its lowest level since early February 2023
ByALEX VEIGA AP business writer
September 19, 2024, 11:01 AM
The average rate on a 30-year mortgage in the U.S. edged closer to 6% this week to its lowest level since early February 2023.
The rate fell to 6.09% from 6.20% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.19%.
The last time the average rate was this low was on February 2, 2023.
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a lower rate, also eased this week. The average rate fell to 5.15% from 5.27% last week. A year ago, it averaged 6.54%, Freddie Mac said.
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