Average 30-year mortgage rates are now down to 6.77%, the lowest they've been in over four months, according to Freddie Mac.
"Mortgage rates are headed in the right direction and the economy remains resilient, two positive incremental signs for the housing market."
See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments.
15-Year Fixed Mortgage RatesLast week, average 15-year mortgage rates were 6.05%, a 12-basis-point decrease from the previous week, according to Freddie Mac data.
Once the Fed cuts rates, mortgage rates should fall even further.
Persons:
Freddie Mac, Sam Khater, Freddie Mac's, you'll, it's
Organizations:
Federal Reserve, Zillow
Locations:
Chevron