HomeReal Estate30-Year Mortgage Rate Retreats to September Level

30-Year Mortgage Rate Retreats to September Level

The 30-year U.S. mortgage rate fell to 7.53%, its lowest level since September 1. This is a significant retreat from the 8.45% realized in October, which is the 30-year rate’s highest level in 23 years. In November, the 30-year mortgage rate reached a peak of 8.13%.

15-year new purchase loans also declined, falling by three basis points to 6.85%; their lowest level since August. It’s also a decline from the 7.59% peak reached in August, which is the highest average level since 2000. The 30-year average fell even further, declining by 12 basis points to 6.69%; its lowest level since August as well.

Refinancing rate averages also declined, with the exception of the 30-year refinancing rate. The 30-year refi average surged higher by 20 basis points; a colossal 68 basis points higher than the 30-year new purchase rate.

WEBTOON Entertainment Announces $315 Million IPO Offering in the U.S.

WEBTOON Entertainment, a worldwide platform that hosts comics and cartoons, is gearing up for an Initial Public Offering (IPO) in the United States. According...

Dollar Remains Strong, Euro Weakens on Political Uncertainty

The dollar continued to hold its footing this weak, holding a strong position compared to other currencies. This is especially the case with the...

Goldman Sachs Lifts Prediction for S&P 500 in 2024 to 5,600

Investment bank Goldman Sachs is raising its expectations for the S&P 500 index in 2024. According to a note sent to their clients last...