{"id":107345,"date":"2024-09-27T01:40:58","date_gmt":"2024-09-26T18:40:58","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=107345"},"modified":"2024-09-27T01:40:58","modified_gmt":"2024-09-26T18:40:58","slug":"30-year-mortgage-rate-hits-2-year-low","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=107345","title":{"rendered":"30-year mortgage rate hits 2-year low"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p>The average rate on a 30-year fixed-rate mortgage was nearly unchanged this week but reached its lowest level in two years.<\/p>\n<p>Thirty-year mortgage rates averaged 6.08% as of Thursday, down from 6.09% a week earlier, according to Freddie Mac data.<\/p>\n<p>Average 15-year mortgage rates rose one basis point to 5.16%.<\/p>\n<p>As mortgage rates hover around 6%, potential buyers are tiptoeing back into the market, and some homeowners who bought when interest rates topped 7% are <a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/refinance-mortgage-162831396.html\" data-ylk=\"slk:weighing refinancing;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">weighing refinancing<\/a>. <a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/mortgage-applications-hit-2-year-high-as-refinancings-surge-110056393.html\" data-ylk=\"slk:Mortgage applications jumped;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">Mortgage applications jumped<\/a> to the highest level in more than two years last week, driven largely by refinancing volumes.<\/p>\n<p>\u201cGiven the downward trajectory of rates, refinance activity continues to pick up, creating opportunities for many homeowners to trim their monthly mortgage payment,\u201d Sam Khater, Freddie Mac\u2019s chief economist, said in a statement. \u201cMeanwhile, many looking to purchase a home are playing the waiting game to see if rates decrease further as additional economic data is released over the next several weeks.\u201d<\/p>\n<p>Thirty-year mortgage rates have dropped more than a percentage point since May.<\/p>\n<p><em>Read more: <\/em><a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/mortgage-refinance-rates-today-thursday-september-26-2024-100052401.html\" data-ylk=\"slk:Mortgage and refinance rates today, September 26, 2024: Rates finally decrease;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\"><em>Mortgage and refinance rates today, September 26, 2024: Rates finally decrease<\/em><\/a><\/p>\n<p>The Pending Home Sales Index, a measure of housing contract activity, <a data-i13n=\"cpos:4;pos:1\" href=\"https:\/\/www.nar.realtor\/research-and-statistics\/housing-statistics\/pending-home-sales\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:rose 0.6% to 70.6 in August;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">rose 0.6% to 70.6 in August<\/a>, improving slightly from July\u2019s record-low reading, according to the National Association of Realtors. A level of 100 is equal to the amount of contract activity seen in 2001.<\/p>\n<p>\u201cBuyers are finally getting more comfortable with the rate,\u201d said Selma Hepp, chief economist at real estate data provider CoreLogic. \u201cI don\u2019t think that\u2019s going to mean a big boost for home sales this year given how low they\u2019ve been so far, but still, it\u2019s a little bit of improvement.\u201d<\/p>\n<p><em>Claire Boston is a senior reporter for Yahoo Finance covering housing, mortgages, and home insurance.<\/em><\/p>\n<p><a data-i13n=\"cpos:5;pos:1\" href=\"https:\/\/finance.yahoo.com\/topic\/economic-news\" data-ylk=\"slk:Click here for real estate and housing market news, reports, and analysis to inform your investing decisions;cpos:5;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"><strong>Click here for real estate and housing market news, reports, and analysis to inform your investing decisions<\/strong><\/a><\/p>\n<p><a data-i13n=\"cpos:6;pos:1\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/\" data-ylk=\"slk:Click here for more information and tools to help you handle your finances;cpos:6;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"><strong>Click here for more information and tools to help you handle your finances<\/strong><\/a><\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/finance.yahoo.com\/news\/30-year-mortgage-rate-hits-2-year-low-161147933.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The average rate on a 30-year fixed-rate mortgage was nearly unchanged this week but reached its lowest level in two years. Thirty-year mortgage rates averaged 6.08% as of Thursday, down &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=107345\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-107345","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/107345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=107345"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/107345\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=107345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=107345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=107345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}