Rate Rays & Real Estate Rays
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Interest Rates • The average 30‑year fixed mortgage remains near its 10‑month low at approximately 6.58 %, unchanged week‑over‑week YCharts+12AP News+12Bankrate+12. Bankrate reports a similar figure of 6.62 %, marginally up from last week Bankrate+1. The 15‑year fixed rate sits around 5.84 %, while the 5/1 ARM and jumbo are in the 5.79 %–6.58 % range Reuters+13Bankrate+13Bankrate+13. • CRE lending, such as CMBS and bridge loans, remains tightly priced, though real‑time rates are not clearly reported today.
Drivers of Rate…
The skinny
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