What Is a Fixed Mortgage Rate? (Simple Explanation) 🏡
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What Is a Fixed Mortgage Rate? (Simple Explanation) 🏡
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TikTokyunggeeski
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The average rate on the 30-year fixed #mortgage dropped 16 basis points to 6.29% Friday, according to Mortgage News Daily, following the release of a weaker-than-expected August #employment report. It marks the lowest rate since October 3 and the biggest one-day drop since August 2024. Rates are finally breaking out of the high 6% range, where they’ve been stuck for months. Read more at the #linkinbio or tap on your screen. #CNBC
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TikTokcnbc
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TikTokbryonycx
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The average rate on the 30-year fixed loan rose 7 basis points Tuesday to 6.75%. CNBC's Diana Olick has the details. Read more at the #linkinbio or the link on screen. #CNBC
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