Mortgage Interest Rates Today, March 29, 2024 | Rates Dropped This Week [Business Insider]
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Business Insider
And they could drop further this year. As inflation slows and the economy comes into better balance, mortgage rates are expected to go down . Inflation has been a bit stickier than expected over the last few months, but Federal Reserve officials have indicated that they still believe it will continue to slow and enable them to start lowering the federal funds rate this year. This should take a lot of upward pressure off of mortgage rates and allow them to decrease. Right now, investors are pricing in a Fed cut in June, according to the CME FedWatch Tool . So we could see mortgage rates start trending down more substantially in just a few months. Current Mortgage Rates Mortgage type Average rate today 30-year fixed 20-year fixed 15-year fixed 7/1 ARM 5/1 ARM 30-year FHA 30-year VA Current Refinance Rates Mortgage type Average rate today 30-year fixed refinance 20-year fixed refinance 15-year fixed refinance 7/1 ARM refinance 5/1 ARM refinance 3
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