Latest Mortgage Rate Trends on July 8, 2024
Monday, 8 July 2024, 12:11
July 8, 2024 Mortgage Rates Update
The latest data highlights an increase in mortgage rates for 30-year and 15-year terms post a favorable jobs report, impacting borrowing costs.
Key Points:
- 30-Year Fixed Mortgage Rates edge higher post positive economic news
- 15-Year Fixed Rates also see an increase
- Stay informed on jumbo loans and refinancing rates as well
In summary, the current trend in mortgage rates reflects the immediate response to a strong jobs report, emphasizing the importance of economic factors on borrowing costs.
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.