Mortgage rates just fell again. Here’s what you need to know.

The 30-year fixed-mortgage rate is at its lowest since spring 2023, amid rising expectations that the Federal Reserve will trim interest rates.

By Scott Sowers

September 12, 2024 at 12:00 p.m. EDT

Mortgage rates fell on Thursday to their lowest level since April 2023 — 6.2 percentfor a 30-year fixed-rate mortgage, down from 6.35 percent a week before, according to Freddie Mac.

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