Mortgage rates dropped last week in response to July's weaker-than-expected labor market data, though they're up slightly today.
As mortgage rates go down, more homeowners will have an opportunity to refinance and save money on their monthly mortgage payments.
See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments.
15-Year Fixed Mortgage RatesAverage 15-year mortgage rates were 5.99% this week, according to Freddie Mac data, which is an eight-basis-point decrease from the previous week.
Now that the Fed has paused hiking rates, mortgage rates have come down a bit.
Persons:
it's, Freddie Mac
Organizations:
Zillow, Federal Reserve, Fed
Locations:
Chevron