“Mortgage rates plunge to the lowest level in more than a year after weak employment report” [Aug 2 2024]
August 7, 2024
“The average rate on the popular 30-year fixed mortgage dropped 22 basis points to 6.4% Friday, according to Mortgage News Daily. That is the lowest rate since April 2023. The 15-year fixed rate fell to 5.89%, its lowest level since early May 2023.
The drop followed a weaker-than-expected monthly employment report, which sent bond yields falling fast. Mortgage rates loosely follow the yield on the 10-year U.S. Treasury…”
https://www.cnbc.com/2024/08/02/mortgage-rates-lowest-level-in-a-year.html