Key Takeaways A Zillow study showed that mortgage rates in many major U.S. cities would have to drop well below current levels of around 6.7% to make housing affordable.Mortgage rates need to fall by two percentage points in places like Dallas,

Yesterday saw the average 30yr fixed rate fall back in line with levels from early October, 2024. This happened for two reasons. The broader, underlying reason is that rates have been in a fairly narrow,

Mortgage rates are plunging as the financial markets try to make sense of the poor July jobs report. The average rate on a 30-year mortgage fell to a 10-month low of 6.57% on Monday, down from 6.74% on July 28,