Affordability remains a barrier after the pandemic-era boom as home prices continue to rise and mortgage rates stay high.
These are today's mortgage and refinance rates. Cooler inflation helped mortgage rates tick down this week, but it's unclear if they'll drop further.
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After hitting a new 5-month peak at the start of the week, 30-year refi rates have dipped every day since. Rates moved lower for almost every other refi loan type as well.
After hitting a new 5-month peak at the start of the week, 30-year refi rates dipped 11 points in two days. Other refi loan types saw mixed movement.
These are today's mortgage and refinance rates. Mortgage rates are down slightly thanks to new CPI data, which showed a slowing in core inflation.
These are today's mortgage and refinance rates. Mortgage rates have increased this month, and it's unclear if they'll drop much this year.
Aside from typical day-to-day fluctuations, mortgage rates are expected to stay above 6.5% for the next few months. If inflation continues to cool and the Fed is able to carry out two 0.25% cuts, mortgage rates could inch down closer to 6.25% later in the year.