Rates on 15-year new purchase loans fell even more significantly last week, plunging 16 basis points to average 5.98% Friday. Like 30-year loans, 15-year rates sank to a two-year low in September, dropping as far as 4.97% (though the lowest Friday weekly average was 5.07%).

For his part, Lewis says mortgage rates are poised to drop in February, after climbing above 7% in January. “The direction of consumer prices will have the strongest effect on mortgage rates in February. The core inflation rate should decline further, giving bond yields and mortgage rates room to fall, but not by a lot,” says Lewis.

The rate on a 30-year fixed refinance decreased to 6.93% today, according to the Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.84%. For 20-year mortgage refinances,

Mortgage rates have been stable over the last month and incoming data suggest the economy remains on firm footing,” Sam Khater, Freddie Mac’s chief economist, said in a sta

We analyzed mortgage reviews on 10 major financial sites to find out which providers landed on the most “best mortgage” lists

The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a smidgen of relief for prospective home shoppers getting into the market before the busy spring homebuying