Because the Fed is likely to cut rates further, mortgage rates should continue to drop this year.
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30-Year Mortgage Rates TodayAverage 30-year mortgage rates are hovering around 5.60% today, according to Zillow data.
15-Year Mortgage Rates TodayAverage 15-year mortgage rates are right around 5%, according to Zillow data.
5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data.
Persons:
annonuncement, Jerome Powell, you'll, they've, Freddie Mac, it's, They'll
Organizations:
Zillow, Fed
Locations:
Chevron