Navigating the Ups and Downs of Mortgage Rates: The Latest Update and What it Means for Homebuyers

Mortgage rates have been fluctuating lately, but they’ve been on an upward trend for all loan types. However, the latest data from Freddie Mac reveals a decrease in the average 30-year fixed-rate mortgage from 6.15% to 6.13%. Despite this dip, it’s still higher than last year’s average of 3.55% but lower than the historical average of 7.76% from 1971 to […]