Rates on 30-year new purchase mortgages have fallen for a seventh straight market day, dropping to an average of 6.05%. That's now the lowest flagship average since February 2023. Rates for 15-year loans have sunk to a similar low point, and other new purchase mortgage rates also dipped.
Because rates vary widely across lenders, it's always smart to shop around for your best mortgage rate and compare rates regularly, no matter the type of home loan you seek.
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