Will Mortgage Rates finally drop enough for prospective buyers in 2026?
If you’ve been waiting to buy a home, you aren’t alone. A new study from Clever Real Estate shows that almost every single person planning to buy a home this year is waiting for one specific thing: lower mortgage rates.
The Magic Number is 6%.
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AUGUST 23, 2023 The current average interest rate for the benchmark 30-year fixed mortgage is 7.61%, rising 6 basis points compared to this time last year. If you’re looking to refinance your current loan, the national 30-year refinance interest rate is 7.83%, rising 12 basis points compared to this time last week. With interest rates on the rise, it’s important to shop around for mortgage offers before committing to a loan.
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