Mortgage Rates Hit Six Month Lows Due To “Delta Uncertainty”
Mortgage rates continued a multi-month descent Thursday, hitting their lowest levels in six months. Lower rates mean fresh buying power for potential homebuyers and a good opportunity for homeowners to refinance their mortgages.
Freddie Mac’s latest report shows the 30-year fixed-rate mortgage (FRM) averaged 2.77%. The rate topped in early April and nears the February low.