Cheddar News
  • 3 months ago
Finally some good news for a beleaguered housing market mortgage rates falling this week to 6.09% on the 30 year fix.

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00:00Finally, some good news for a beleaguered housing market. Mortgage rates falling this week to 6.09%
00:06on the 30-year fix. That's down from 6.2% the prior week and down dramatically from a 20-year
00:13high of nearly 8% last fall. This week marks the lowest rate since February of 2023 and should
00:20continue to fall after Wednesday's decision by the Federal Reserve to cut interest rates by a half
00:26point. Home prices, however, did hit a new record high in August.

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