Mortgage rates have finally dropped! In less than a week, rates dropped over 1% - this is the largest rate drop in one week since covid!
Published November 03, 2023
Mortgage Rates Plunge Below 8%—to Lowest Level Since September
Today's Mortgage Rates & Trends - Nov. 3, 2023
After already falling for two days, 30-year mortgage rates plummeted Thursday, shedding another two-tenths of a point. That drops the 30-year average to 7.92%, its cheapest level since September. Rates were down by double-digit basis points for almost every other loan type as well.
