Mortgage Rates Trend Lower
Good news for borrowers—mortgage rates have slipped to their lowest levels since April, and refinance activity has jumped to its highest point in four weeks. The drop comes as bond yields fall on weaker job growth and rising expectations for a Federal Reserve rate cut in September.
Mortgage Rates Cool Slightly After June Spike
After creeping upward in June, mortgage rates showed signs of stabilizing in early July. Markets are closely watching tariffs, inflation, and job reports as the Fed continues to signal a patient approach to future rate cuts.
