Mortgage Rates Plunge Dramatically: Biggest Single-Day Drop in Over a Year Signals Potential Relief for Homebuyers and Market Shifts Ahead
Mortgage Rates Break Free: What This Means for Homebuyers and Investors Now Mortgage rates have finally cracked the stubborn high-6% barrier. The average rate on the 30-year fixed mortgage dropped 16 basis points to 6.29% last Friday—a notable dip that hasn’t been seen since early October 2023. This move came on the heels of a…