Mortgage rates have steadily been decreasing for several months now.
Mortgage rates are determined by a variety of factors, including economic trends, Fed policy, investor demand, and more.
See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow.
This is a significant slowdown compared when it peaked at 9.1% in 2022, which means mortgage rates should start trending down soon.
This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.
Persons:
they've, Freddie Mac, you'll, Fannie Mae
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