Market Pulse Monday: Rates Ease, Builders Blink, CRE Under Pressure
Interest Rates
The 30-year fixed mortgage rate has slipped to around 6.61% today, offering a modest sigh of relief for borrowers.Sakshi Post+15Norada Real Estate+15Norada Real Estate+15 Bankrate shows a slight range—with averages between 6.63% to 6.70% for purchase, 6.76% for refinances.Bankrate The 15-year fixed is holding steady in the 5.66–5.93% zone.Propmodo+15NerdWallet+15Norada Real Estate+15 No updates on jumbo or ARM products today.
Mortgage rates are trending lower, largely due to strengthening MBS prices.Seeking Alpha+15Mortgage News Daily+15US News Money+15 Amid the tug-of-war…
The skinny
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