Mortgage Rates Fall to 19-Month Low

Dated: September 13 2024

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Mortgage Rates Fall Again—Setting Yet Another 19-Month Low

Rates on 30-year new purchase mortgages have fallen for a seventh straight market day, dropping to an average of 6.05%. That's now the lowest flagship average since February 2023. Rates for 15-year loans have sunk to a similar low point, and other new purchase mortgage rates also dipped.

National Averages of Lenders' Best Mortgage Rates
Loan TypeNew Purchase
30-Year Fixed6.05%
FHA 30-Year Fixed5.39%
15-Year Fixed5.09%
Jumbo 30-Year Fixed6.41%
5/6 ARM7.52%
Provided via the Zillow Mortgage API

Because rates vary widely across lenders, it's always smart to shop around for your best mortgage rate and compare rates regularly, no matter the type of home loan you seek.

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Paul Gornall

Personal Service With A Difference You probably know how important it is to find the right real estate agent when you are focusing on a financial investment as substantial and as personal as your home....

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