Mortgage Rates Drop Amid Market Downturn

Mortgage Rates Drop Amid Market Downturn

MORTGAGE RATES DROPPED SHARPLY! Amid Market Downturn, Rates Plummet to 5.88%! Mortgage News August 2024.

Discover why mortgage rates have sharply declined amid the market downturn. In this video, CNBC's Diana Olick explains how rates have fallen below 7% after reaching a high of 7.22% in May. Learn how this trend could impact homebuyers and refinancers. Stay informed and make informed decisions!
Get the latest mortgage news and updates! Mortgage rates have dropped sharply amid market downturn, making it a great time to buy or refinance a home. The average 30-year fixed mortgage rate has fallen to 5.88% as of August 3, 2024, a 1.28 percentage point drop from the peak rate in June 2024.

In this video, we'll break down the latest mortgage rate trends and what it means for homebuyers and refinancers. Whether you're a first-time homebuyer or looking to take advantage of lower rates, this video is for you!

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