Daily mortgage rates for Oct. 1, 2024: Average rates for popular 30-year, 15-year terms show opposite movement
Average rates for popular mortgage terms are inching in opposite directions as of Tuesday, October 1, 2024, with benchmark 30-year rates moving higher, while 15-year rates crawl lower toward 5.50%. Lenders will be keeping an eye on new employment data due for release this Friday — the first key economic report since the Fed's September 18 decision to lower interest rates — to confirm a continued cooling of the labor market, which could influence another Fed cut next month and push mortgage rates lower. Читать дальше...