Mortgage Rates Hit Multi-Month Lows Amid Mixed Movements

Mortgage rates have shown divergent trends, with the 30-year fixed average dropping to its lowest level since mid-March—marking a four-day consecutive decline. Jumbo 30-year rates followed suit, plunging to March 12 lows. In contrast, 15-year rates edged higher, interrupting a five-month low streak.

Freddie Mac's weekly survey reported a 10-month low for its 30-year average, though methodological differences distinguish it from daily tracking metrics. The Investopedia daily average for 30-year fixed mortgages settled at 6.69%, down 0.01%, while jumbo loans saw a sharper 0.08% drop.

Rate volatility underscores the importance of lender comparisons. As housing finance costs fluctuate, borrowers face a fragmented landscape—opportunities exist for those tracking daily movements across 13 loan categories, from FHA products to adjustable-rate mortgages.