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- Mortgage Rates 📢 September 9th, 2024
Mortgage Rates 📢 September 9th, 2024
Rates Lower⬇️ — Lowest rates year to date.
Glenn Groves
September 09, 2024
INTEREST RATES
10-Year-Treasury 75-Day Snapshot
Product | Rate / APR | 2 Week Change |
|---|---|---|
⬇️ Conv. | 6.125% / 6.138% | -.250% |
⬇️ Conv. HB | 6.500% / 6.511% | -.125% |
⬇️ JUMBO | 6.500% / 6.509% | -.250% |
⬇️ FHA 3.5% DP | 5.250% / 6.166% | -.250% |
⬇️ VA 0% DP | 5.500% / 5.707% | -.125% |
Rate data as of morning of publication. Unless noted otherwise, all scenarios are assuming 30 Year-Fixed mortgage, Purchase or R/T Refinance. No origination points charged, 780 FICO score, and 20% down payment. Provided for consumer education only and does not serve as a binding offer to extend lending. Payment period, interest rate, APR, and other terms subject to income, asset, and credit profile qualification. Provided courtesy of GTG Financial, Inc. NMLS 1595076. Equal housing opportunity. www.nmlsconsumeraccess.org
Rate Markets: Rates continue to make solid progress downward. We are now at the lowest rates of 2024.
Bottom Line: The “rate cut” has arrived. We are now .875% LOWER than 2.5 months ago when rumors started about a possible fed rate cut.
Borrowers remaining on the sidelines are getting left behind. This drastic downward movement will only accelerate values.
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