Mortgage Rates August 2024

Mortgage Rates August 2024. Mortgage rates have fallen to their lowest level in more than a year, a balm for prospective home buyers and sellers in a challenging real estate market. Us mortgage rates drop to a 2024 low as buyers await fed cuts.

Further mortgage rate cuts could be on the way as lenders look to compete for borrowers. Bigger declines needed to spur buyer demand, economist says;