Mortgage Interest Rates Today, May 22, 2024 | Rates Are Down Slightly. When Will They Drop Further? [Business Insider]
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Business Insider
But whether they'll go down further depends on how inflation trends in the coming months. In April, the Consumer Price Index rose 3.4% year over year , a downtick from March's reading. This cooler inflation data allowed mortgage rates to ease somewhat. If the next few months continue to show that inflation is decelerating, mortgage rates could go down further this year. In the meantime, borrowers should expect mortgage rates to remain near their current levels. Rates are still prohibitively high for many would-be homebuyers, but affordability may increase next year, allowing more buyers to enter the market. 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 30-year FHA refinance 30-year VA refin
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RKT
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- 5/2/24 - Beat
RKT
Sec Filings
- 6/14/24 - Form 4
- 6/11/24 - Form 4
- 6/7/24 - Form 4
- RKT's page on the SEC website