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- Mortgage Rates 📢 June 24th, 2024
Mortgage Rates 📢 June 24th, 2024
Rates open the week FLAT. Friday will see Personal Consumption Expenditures (PCE) aka the inflation report. Experts expect PCE to help rates at the end of the week.
Glenn Groves
June 24, 2024
INTEREST RATES
10-Year-Treasury 1-Month Snapshot
Product | Rate / APR | Weekly Change |
|---|---|---|
↔️ Conv. | 6.999% / 7.016% | -.000% |
↔️ Conv. HB | 7.125% / 7.134% | -.000% |
⬇️ JUMBO | 7.000% / 7.009% | -.250% |
↔️ FHA 3.5% DP | 6.125% / 7.052% | -.000% |
↔️ VA 0% DP | 6.125% / 6.338% | -.000% |
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: With the exception of Jumbo, rates remain relatively unchanged from last week. Jumbo pricing usually lags behind pricing adjustments, as we see here. The door is open for sharp lenders/borrowers to utilize Jumbo pricing for high-balance scenarios when applicable.
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