Mortgage Interest Rates Steady: 30-Year Mortgage Holds at 5.990% and 15-Year at 5.125%
Monday, 23 September 2024, 06:23
Mortgage Interest Rates Overview
As of September 23, the median interest rate on a 30-year fixed-rate mortgage stands at 5.990%. This rate has not changed since Friday. At the same time, the median interest rate on a 15-year fixed-rate mortgage remains stable at 5.125%.
Market Implications
These steady rates suggest a balanced environment for homebuyers and the overall housing market, allowing potential buyers to plan their financial strategies accordingly. The lack of fluctuations in these rates may provide homeowners with confidence in their borrowing decisions.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.