30-Year Mortgage Rates Dip, Offering Relief to Homebuyers

After a recent peak, 30-year mortgage rates have decreased to 7.50%, providing a slight reprieve in a volatile market.

30-year mortgage rates have dropped to 7.50% after reaching a five-month high earlier in the week.
Rates for 15-year mortgages and other loan types also saw decreases, with the 15-year rate now at 6.89%.
Jumbo 30-year mortgage rates remain steady at 7.20%, despite fluctuations in other loan categories.
Refinancing rates have similarly decreased, with the 30-year refinance average now at 7.84%.
Economic factors such as inflation and Federal Reserve policies continue to impact mortgage rate fluctuations.