Latest Mortgage Rate Trends on July 8, 2024

Monday, 8 July 2024, 12:11

The daily mortgage rates report for July 8, 2024, reveals an upward trend in rates for 30-year and 15-year terms fueled by a robust jobs report. Stay informed on the latest average rates for fixed mortgages, jumbo loans, and refinancing options. Today's update reflects the impact of positive economic indicators on mortgage borrowing costs.
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Latest Mortgage Rate Trends on July 8, 2024

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.


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