Daily mortgage rates for Oct. 21, 2024: Average rates for 30-year, 15-year terms hold steady
Mortgage rates open the week steady as of Monday, October 21, 2024, with the average 30-year benchmark at 6.58% — some 40 basis points higher than a month ago, when the Federal Reserve lowered its interest rates by half a percentage point, its first rate cut in four years. Traders expect the Fed to lower interest rates further when it meets for its November policy session, with 94% favoring a quarter-point cut, according to the CME FedWatch tool. While the Fed doesn't set mortgage rates, lenders keep a close eye on this Fed rate... Читать дальше...