Weekly Mortgage Rates Continue to Fall as the Fed Debates Timing

view original post

Mortgage rates have fallen throughout June, though it’s been more like a gentle roll down a hill than a tumble off a cliff.

The average rate on a 30-year fixed-rate mortgage fell one basis point to 6.84% the week ending June 26, according to rates provided to NerdWallet by Zillow. A basis point is one one-hundredth of a percentage point.