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Today's Mortgage Rates | Rates Ease Following Trump Treasury Pick

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
  These are today's mortgage and refinance rates. Mortgage rates are down slightly as markets weigh the impact of Trump's pick for Treasury secretary.

The article from Business Insider, published on November 27, 2024, discusses the current state of mortgage rates in the United States. It highlights that the average 30-year fixed mortgage rate has slightly decreased to 7.29% from the previous week, while the 15-year fixed mortgage rate has also seen a minor drop to 6.67%. The article provides insights into why these rates are fluctuating, mentioning factors like inflation, Federal Reserve policies, and economic recovery signals. It also offers advice for potential homebuyers on how to navigate the current high-rate environment, suggesting options like adjustable-rate mortgages (ARMs) or buying mortgage points to lower the interest rate. Additionally, the piece includes expert opinions on whether rates might decrease in the near future and what this could mean for the housing market.

Read the Full Business Insider Article at [ https://www.businessinsider.com/todays-mortgage-rates-wednesday-27-2024-11 ]