Mortgage Rates Continue Falling Ahead of Expected Rate Cut

Falling to its lowest level since May 2023, the average 30-year-fixed mortgage rate fell again this week to 6.35%, down from last week’s 6.46%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. This week’s numbers:  The 30-year FRM averaged 6.35% as of August 29, 2024, down from last week…

The post Mortgage Rates Continue Falling Ahead of Expected Rate Cut appeared first on RISMedia.

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