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Mortgage Milestone: 30-Year Fixed Rates Hit Two-Year Low!

By
Real Estate Agent with Real Broker, LLC 9051300

30-Year Fixed-Rate Mortgage Hits Lowest Level in Two Years

 

September 26, 2024

We are pleased to share that the 30-year fixed-rate mortgage has reached its lowest point in two years. While the decline this week was modest, it signals a positive trend for homeowners and prospective buyers alike. With mortgage rates decreasing, we are seeing an increase in refinancing activity, providing many homeowners the opportunity to reduce their monthly payments. 

For those considering purchasing a home, it appears many are adopting a wait-and-see approach, anticipating further potential rate decreases as more economic data is released in the coming weeks. As always, I’m here to assist you with any questions or guidance you may need during this evolving market.

Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Good morning Michael. The question is  "is the best yet to come"? We are going to see. Thanks for the update. Enjoy your day. 

Sep 30, 2024 05:49 AM