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Mortgage Rates Dip Amid Global Calm | Business and Finance News

Mortgage Rates Dip Amid Global Calm | Business and Finance News

Published 20 hours ago
Description

Mortgage rates just hit a six-month low at 6.43%, offering a breath of fresh air for homebuyers — but don’t get too excited, they’re still higher than pre-Middle East tensions levels. The dip? Thanks to cooling oil prices and falling Treasury yields, which have eased borrowing costs. Yet experts warn this isn’t enough to shake the “lock-in” mentality among homeowners who locked in rock-bottom rates years ago. Still, every little bit helps — the market’s playing a softer tune, and that’s something to celebrate.

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