Refinance averages showed downward movement across almost all other loan types as well. Thursday's 15-year refi average subtracted 3 basis points, 20-year refinance rates fell a bold 10 points, and jumbo 30-year loans gave up 2 basis points.

The median interest rate on a 30-year fixed-rate mortgage is 6.125% as of September 5, which is unchanged from yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 5.375%, which is 0.115 percentage points lower than yesterday.

But while mortgage rates are likely to drop before the end of 2024, waiting until 2025 to refinance may be a better bet. Here's why. Sitting tight could leave you paying less. The

If the Fed cuts rates next month, it could have an impact on mortgage rates. Here's what they could look like.

Mortgage rates have a long and storied history of making big moves on the day that the big monthly jobs report comes out.  In that regard, today was fairly normal.  Indeed, the jobs report came out and mortgage rates made their biggest move of the week,

We saw the first small decline in inventory last week as a result of falling mortgage rates. Does that mean we're already past peak inventory?

Today’s interest rate for a 15-year fixed-rate mortgage is 5.490%, which is unchanged from yesterday. The monthly payment for a $250,000 mortgage with a 15-year term and a fixed interest rate of 5.5% would be $2,042.71. The payment for the same loan with a 6% interest rate would be $2,109.64.

After a massive upheaval in the housing market, mortgage rates have relaxed, prompting some experts to say now might be a good time to buy.