Mortgage Rates Remain Stable Despite Economic Fluctuations

As of April 30, 2024, 30-year mortgage rates hold at 7.55%, reflecting minor adjustments in response to recent inflation data.

30-year fixed mortgage rates remain steady at 7.55%, slightly below recent highs.
15-year mortgage rates experience a slight decrease, now at 6.86%, offering more affordability.
Adjustable-rate mortgages show mixed changes, with some rates increasing slightly.
Mortgage rate variations are influenced by factors including inflation, Federal Reserve policies, and market conditions.
Experts advise borrowers to compare rates and consider refinancing options to secure better terms.