Mortgage Rates Plummet Ahead of Fed Cut

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Mortgage rates

Yahoo Finance

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Mortgage and refinance rates today, December 8, 2024: Weekly rate falls by 21 basis points

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73% Informative

The average 30-year mortgage rate today is 6.24% .

The 15-year fixed rate has dropped to 5.53% , down 17 basis points since last week .

Mortgage refinance rates are often higher than rates when you buy a house.

Use the free Yahoo Finance mortgage calculator to see how various mortgage terms and interest rates will impact your monthly payments.

Mortgage lenders typically give the lowest mortgage rates to people with higher down payments, great or excellent credit scores, and low debt-to-income ratios.

If you want a lower rate, try saving more, improving your credit score, or paying down some debt before you start shopping for homes.

The average 30-year fixed mortgage rate is 6.24% right now.

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