Mortgage Rates Drop to 6.05% — Near 3-Year Lows
Mortgage rates just moved lower — near levels we haven’t seen since early January.
Conventional 30-year rates for well-qualified buyers are around 6.05%, roughly ⅛% lower this week after a cooler-than-expected inflation report.
We’re starting to see multiple offers again on strong homes — but this is not the frenzy of 2021.
In this video, I break down:
• What moved rates this week
• Why inflation matters
• What buyers and sellers should expect
• Where seller concessions still exist
Click here for my market update video: https://youtu.be/mty9r4rbT28
Conventional 30-year rates for well-qualified buyers are around 6.05%, roughly ⅛% lower this week after a cooler-than-expected inflation report.
We’re starting to see multiple offers again on strong homes — but this is not the frenzy of 2021.
In this video, I break down:
• What moved rates this week
• Why inflation matters
• What buyers and sellers should expect
• Where seller concessions still exist
Click here for my market update video: https://youtu.be/mty9r4rbT28